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Harmonised inflation down to 1.1%Business in short
21 Oct 2013 Compiled by Spectator staff Business
CONSUMER prices grew slower in the Slovak economy than the EU average in both year-on-year and month-on-month comparisons.
Inflation as measured by the Harmonised Index of Consumer Prices (HICP) in September was only 1.1 percent in Slovakia, while in August it reached 1.4 percent year-on-year, the SITA newswire reported.
Numbers for the entire EU show inflation at 1.3 percent in September and at 1.5 in August.
The average 12-month inflation decreased by two percentage points to 2.2 percent compared to August.
In September prices grew the fastest in the year-on-year comparison in education by 5.9 percent, followed by prices of alcoholic beverages and tobacco, which rose by 3.7 percent, and prices of food and non-alcoholic beverages, by 3.2 percent.
Compared to last September, prices in hotels, cafés and restaurants grew by 1.8 percent, recreation and culture by 1.4 percent, health care by 0.9 percent, clothing and footwear by 0.7 percent and housing, water, electricity, gas and other fuels by 0.3 percent.
On the other hand, prices fell the most in transport, by 1.5 percent, post and telecommunications by 1 percent, furniture, household equipment and routine household maintenance by 0.2 percent and miscellaneous goods and services by 0.1 percent.
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