Analysts had expected inflation to soar in September and continue to rise

By: Trademagazin editor Date: 2021. 10. 11. 11:30

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Inflation could have been expected to pick up in September, and analysts interviewed by MTI are wondering whether the central bank’s monetary policy will react to the tightening by the end of the year by 15 basis points before the next Inflation Report.

Analysts say that inflation is not expected to fall rapidly

According to a report by the Central Statistical Office (KSH), consumer prices were on average 5.5 percent higher in September than a year before. Annual core inflation rose from 3.6 percent in August to 4.0 percent, the highest level since August last year. (MTI)