Analysts expect consumer prices to continue rising in coming months

Commenting on the inflation figures released by the Statistics Office on Tuesday, analysts concurred that year-on-year inflation will continue to rise in the coming months. Consumer prices continued to rise in August, with inflation reaching as high as 3.8 percent. Slovenska Sporitelna analyst Matej Hornak thinks that average inflation this year will be 2.3 percent and that it might accelerate moderately to 2.8 percent in 2022. "We expect the inflation rate to increase in the coming months. It should culminate at the turn of summer and autumn, with its rate of growth gradually decelerating at the end of the year," Hornak said. Meanwhile, 365. bank analyst Jana Glasova estimates that inflation will fluctuate at around 3.5 percent in the coming months. "It should be pushed upwards mainly by higher prices of production inputs, construction materials, petrol, farm commodities and food," she said.