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The annual inflation rate rose to 6.9% in October 2026, from 6.6% in September, according to data published on Thursday by the National Institute of Statistics. This is the second consecutive month of increase, following the low of 6.2% recorded in August. The development was announced on the day of the NBR’s monetary policy meeting.
Consumer prices rose by 0.82% compared with September. Non-food goods became 0.97% more expensive, services 0.83%, and food 0.56%. The largest monthly increases were recorded for thermal energy, up 5.22%; diesel, up 2.99%; electricity, up 2.43%; and petrol, up 1.99%. Vegetables and potatoes became more than 3% more expensive, while airfares fell by 10.57%.
Over the past year, services recorded the largest increase, at 11.23%, followed by non-food goods, at 7.66%, and food, at 3.07%. Rents rose by 38.46%, diesel by 43.45%, and petrol by 32.91%. Among food products, coffee, eggs, and milk recorded the largest increases.
Annual inflation reached 10.9% in May 2026, then declined in July and August, against the backdrop of the base effect generated by the removal of the cap on electricity prices. The NBR’s key interest rate is 6.50%, and analysts expect it to be maintained.
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