Inflation hits 3.8% in August, driven by higher prices in transport, construction materials and food.
Consumer price inflation was driven up by higher prices of fuel, construction materials and some food items.
Croatia’s economy is expected to post robust growth in 2021 and 2022 mainly thanks to the recovery of the services sector.
Heading into the new political season, Volodymyr Zelenskiy and his Servant of the People party are leading the polls in Ukraine, according to the latest socio-political survey conducted by the Rating Group.
Blue chips Medlife and TeraPlast and real estate developer Impact boasted price increases in excess of 100% in 12 months.
High inflation over the past 12 months has reversed the effects of several months of deflation in the first part of 2020.
Czech inflation rose to 4.1% year-on-year in August, the highest since November 2008, up by 0.7 percentage points.
Russia's consumer price index posted 0.2% month on month and 6.7% year on year in August 2021. Inflation continued to accelerate, and was slightly above the Bloomberg consensus expectations of 0.1% m/m and 6.7% y/y.
Headline inflation in Romania accelerated from 4.95% y/y in July to 5.25% y/y in August, reaching the highest level since May-June 2018.
The National Bank of Ukraine hiked interest rates by 50bp to 8.5% on September 9 as expected as it continues to battle soaring inflation.
The trade deficit posted by Romania in July was the second-largest ever at €2.2bn.
The business confidence indicator based on an annual survey of Amcham Albania members dropped in 2020 to its lowest level since the index was launched in 2012.
Price of materials surged by 8.6% q/q, accounting for nearly 70% of the total construction costs.
Hungary’s headline inflation edged up to 4.9% in August from 4.6% in July.
Following robust GDP growth, the central bank expects inflation to return to target during 2022.
Romania’s GDP advanced by 1.8% q/q in the second quarter of the year, marking a 13% annual advance compared to the ‘lockdown quarter’ of 2Q20.
The figure is down from 3.7% in July and by 0.2 percentage points year-on-year, making it the lowest among EU members.
Central bank expects consumer prices to increase further based on expected movements in import prices.
But complications in the supply of raw materials and necessary components may lead to production fluctuations in the coming months and hamper overall growth.
Economy rebounds from steep contraction in 2Q20, with a strong performance from the retail, hospitality and manufacturing sectors.