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July inflation jumps to 5 percent

IN JULY 2006 the consumer prices grew at the fastest rate since the end of 2004 in Slovakia. Annual inflation in July was 5 percent.

Economic analysts believe, however, that the inflation rate has thus reached its peak for this year and should now gradually decrease, Pravda wrote.

The analysts noted, however, that the price of oil, as well as the policies of the new government lead by Robert Fico, will remain a risk factor for the potential development of inflation.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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