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Harmonized indices of consumer prices in October 2021
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Harmonized indices of consumer prices in October 2021

Last update: 16.11.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 16.11.2021

The average annual HICP inflation rate of the harmonized index of consumer prices (expressed as the change in the average of the harmonized index of consumer prices over the last 12 months compared with the average of the previous 12 months) was 2.3 % in October 2021, which is 0.3 percentage points more than its value in September 2021.

In October 2021, the year-on-year inflation, comparing the price level of the harmonized index of consumer prices in October 2021 to October 2020, increased to 4.4 %. In September 2021, its value was 4.0 %.

The month-on-month HICP inflation was 0.5 % in October 2021, which is by 0.4 percentage point more than its value in October 2020. The overall increase in month-on-month inflation in October 2021 was mainly due to higher prices in the following branches of the COICOP classification: Transport, of which in particular fuels (the month-on-month increase in fuel prices represented a positive contribution of 0.15 percentage point to the overall month-on-month inflation of 0.5 %), Housing, water, electricity, gas and other fuels (positive contribution of 0.07 p.p.), Recreation and culture (positive contribution 0.07 p.p.), Clothing and footwear (positive contribution 0.06 p.p.), Furniture, household equipment and routine household maintenance (positive contribution 0.05 p.p.), Restaurants and hotels (positive contribution 0.05 p.p.), Miscellaneous goods and services (positive contribution 0.05 p.p.). In the division Food and non-alcoholic beverages, Food prices increased month-on-month (positive contribution 0.05 p.p.) and, on the same time, Non-alcoholic beverages prices decreased (negative contribution -0.04 p.p.), which together accounted for 0.01 percentage point of month-on-month inflation.

Statistical office publishes data on Harmonized Indices of Consumer Prices (HICP) usually on the day of their publication by Eurostat; a few days after the national CPI inflation release. This is inflation according to the uniform EU methodology in order to ensure the mutual comparability of consumer price indices between countries. Consumer baskets differ in part. The HICP, unlike the CPI, does not include the components "Imputed rents" and selected items related to major repairs and household maintenance, which results in certain differences in the weights of the components.

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