Consumer prices rose 22.5% y/y in November, accelerating from a 21.1% increase in the previous month.
The National Bank of Ukraine will keep the key policy rate unchanged at 25% per annum, the bank stated in a report on December 8.
National Bank of Serbia seeks to limit the spillover effects of import price growth on domestic prices as inflation reached 15% in October.
Industrial production declines 3.5% m/m in October, the first contraction in five months and the first since the pandemic.
Inflation slowed down slightly from the 19.8% recorded a month earlier.
The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.
Sales of passenger cars and light commercial vehicles (LCVs) declined by 62% year on year in November to 46,403 vehicles, according to the Association of European Businesses that oversees the industry.
Retail sales increased by 4.5% y/y in October, but the growth was mainly driven by the 15.6% y/y surge in fuel sales.
Despite the sharp improvement of the Russia Manufacturing Purchasing Managers’ Index™ (PMI) seen in November, continued contraction in the services sector has kept the composite output stagnating in the reporting month.
The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.
Annualised Hungarian retail sales growth slowed to 0.6% in October from 3% in the previous month.
ENAG inflation research group says it fell to 171% from 185%.
Severe supply chain disruption continued, however, with muted rates of improvement across the sector.
Impacts of Ukraine invasion still driving price growth in economy.
Adjusted for seasonal and calendar year effects, GDP grew 4.1% y/y, but fell 0.4% from the previous quarter.
Poll reveals Moldovans' unhappiness amid rampant inflation and economic hardship brought on by the war in Ukraine.
Data shows rebound, but figures were below expectations as sharply rising prices kept some tourists away.
With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.
Russian manufacturing firms recorded their fastest improvement in almost six years as the S&P Global Russia Manufacturing Purchasing Managers’ Index™ (PMI) posted 53.2 in November, up from 50.7 in October – the fastest expansion since 2017.