The current scenario of increased food and energy prices and the possibility that it will persist or worsen throughout the year because of the war in Ukraine threatens household welfare in Moldova. Under the food and energy inflation levels recorded in February 2022 (23% and 29.4% increase in prices, respectively), the number of people living in poverty could increase by about 250,000 people. Under a more extreme scenario equivalent to twice those levels of inflation, the increase in the number of poor people could reach up to 550,000.