Consumer inflation in October 2021 slowed to 10.9% on a year-on-year period.

It was higher than the NBU’s forecast. “Actual consumer inflation has slowed as expected but was slightly higher than the forecast published in the Inflation Report by NBU for October 2021. This is primarily due to significant side effects from rising energy prices”, the statement said. As a result, core inflation accelerated to 7.6% YoY in October from 7.4% YoY in September.