Inflation rises the fastest in the past 13 years, driven mainly by a 4.3% growth in food prices.
The real annual rise of the net wage in Romania turned negative in September as energy prices pushed up inflation, and the trend is likely to continue.
Inflation could reach double digits in November after significant rise in natural gas prices.
Electricity, gas and fuel prices accounted for over half of the increase in consumer prices, which experienced their fastest growth since the VAT hike in 2010.
National Bank of Serbia holds policy rate but says it will continue with monetary tightening via the repo rate.
Russia’s new car and light commercial vehicle market saw the fourth consecutive month of year-on-year decline in October, as the sales took another cut of 18% y/y to 0.126mn.
Albania’s inflation has accelerated strongly this year as its economy recovers from the initial shock of the coronavirus pandemic.
Czech unemployment fell to 3.4% (to 251,689 job seekers) in October, down from 3.5% recorded in September, posting a drop of 19,996 people registered year on year.
Transport costs increased the most in October, by 18.4% y/y, followed by hotel and restaurant prices by 8% y/y.
The rise in retail sales is stabilising after the pronounced volatility seen during the first year of the pandemic.
The annual inflation rate and core inflation will increase rapidly until the first half of next year, then decline rapidly towards the end of the forecast period, the third quarter of 2022.
Ukraine’s economic recovery is likely to gain momentum over the remainder of 2021, the European Bank for Reconstruction and Development (EBRD) says in its latest Regional Economic Prospects (REP) report, published on November 4.
CBBH now expects 5.7% growth in 2021, moderating to 3.9% in 2022.
Food inflation very slightly edges down to 11.3%.
According to the central bank, the high inflation was mainly a result of one-off factors, such as significant increases in prices of food and oil on international markets.
Fast-rising inflation – with y/y growth in October clocking in at 6.8%, a 20-year high – is finally pushing monetary policymakers to try to catch up.
With markets on edge over ill-advised further rate-cutting ahead, analysts on alert over possible balance of payments crisis on horizon.
The seasonally adjusted IHS Markit Russia Services Business Activity Index registered 48.8 in October, down from 50.5 in September, to signal the fastest contraction in Russian service sector business activity since December 2020.
Russia's unemployment rate decreased to 4.3% in September 2021 from 4.4% in the previous month and below market forecasts of 4.5%.
Retail sales in Russia surged 5.6% year on year in September of 2021, accelerating from a 5.3% increase in the previous month, above market expectations of a 3.8% rise.