Inflation accelerates in November from the prior month

Latest reading: Consumer prices were up 4.8% in annual terms in November, following a 4.2% increase in the previous month. November's reading was the strongest since April 2023 and came in just under the ceiling of the Central Bank’s 3.0–5.0% target range. Relative to the previous month's figures, there were higher price pressures for food and non-alcoholic beverages (+8.1% on a year-on-year basis vs +5.9% in October), transport (+3.4% vs +3.1% in October) and recreation and culture (+1.5% vs +1.1% in October). In contrast, price pressures reduced for housing and utilities in November (+2.5% vs +2.6% in October). Meanwhile, core consumer prices increased 4.7% on a year-on-year basis in November, unchanged from the prior month's reading. Finally, consumer prices were up 0.71% in November on a month-on-month basis, following a 0.55% increase in the previous month.

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