It is 0.7 percentage points down on the y/y growth in August, as the easing of inflation has continued steadily since March.
ING analysts say inflation "sticker than expected" as price pressures exceed estimates in most categories.
Romania reports 5.8% y/y annual decline in industrial production and an even steeper deterioration of 6.2% y/y in the core manufacturing sector.
IMF forecasts consumer prices in Serbia will increase by 12.4% in 2023 but slow to 5.3% in 2024.
According to calculations by the International Monetary Fund (IMF), $7 trillion were spent on direct and indirect subsidies for fossil fuels in 2022.
Annual inflation in Russia amounted to 5.9% as of October 2, coming close to breaching the full-year target of the Central Bank of Russia of 6%-7% (chart), Tass reported citing the address of the CBR’s Deputy Governor Alexey Zabotkin to the Duma.
Chicago wheat futures dipped on October 9 as export prices in major supplier Russia fell further, on expectations of slowing Russian grain exports in the rest of the year, reports Hellenic Shipping News.
Only 6 of the 15 sectors of Slovak industry registered a higher performance y/y, underscoring the fluctuating developments in Slovakia’s key economic segment.
The International Monetary Fund (IMF) published its latest update on the state of the world economy on Tuesday, predicting sluggish growth for 2023 and 2024, as many challenges persist and policy tightening is taking effect.
Consumer prices in Hungary rose 12.2% year-on-year in September, slowing from 16.6% in the previous month.
Annual inflation in Moldova peaked at 34% y/y in July-October 2022, followed by sharp deflation for the last year.
As of June 30, 2023, external debt of the Russian Federation amounted to $343.3bn, having decreased by 10.5% since the end of 2022, the Central Bank of Russia (CBR) said in its latest bulletin on October 10.
The International Monetary Fund upgraded Russia’s economic growth outlook for 2023 but downgraded it for 2024, according to its latest World Economic Outlook report.
The growth of the Czech consumer price indices slowed to 6.9% year on year and decreased by 0.7% month on month in September.
Czech industrial production decreased by 1.7% year on year and increased by 0.2% month on month, moderating the y/y drop in August, while most of the industrial sectors yielded negative figures.
It is also 0.1 percentage point up year on year. Czechia’s unemployment level remained the lowest in the EU, while there is still demand for manual workers and seasonal workers, the Labour Office reported.
Consumer prices in Ukraine by the end of September fell to 7.1%, down from 8.6% at the end of August and a significant drop from July's 11.3% as inflation begins to cool, Ukrstat reported on October 9.
The budget generated a small surplus in September, which will be a short-term sticking plaster. The latest upward revision in the official deficit target underscores the remaining challenges .
Ukraine's Ministry of Economy estimates the economy grew by 5.3% in the first nine months of 2023 as the country switches from crisis to recovery, Interfax Ukraine reported on October 9.
Output of Hungary's industrial sector fell 5.3% year-on-year in August, following a 2.6% decline in the previous month.