In November 2021, the annual rate of inflation as measured by the HICP was 2.4 per cent, up from 1.4% in October 2021.
The 12-month moving average rate for November stood at 0.5%. The largest upward impact on annual inflation was measured in the Food and non-alcoholic beverages Index, largely due to higher prices of vegetables.
The second and third largest impacts were measured in the Recreation and culture Index (+0.40%) and the Restaurants and hotels Index (+0.38%), mainly on account of higher prices of pet food and restaurant services respectively.
The downward impact on annual inflation was registered in the Communication Index (-0.08%), mainly due to lower prices of mobile phone services.