Spectator on facebook

Spectator on facebook

August inflation over 5 percent

CONSUMER prices in August were 5.1 percent higher than in the same month last year due largely to higher health care, accomodation and energy prices, the Statistics Bureau announced on September 12

Core inflation, which does not include the influence of regulated prices and indirect taxes, remained unchanged from July at 2.8 percent y-o-y.

National Bank of Slovakia spokesman Igor Barát said the figures indicated that inflationary risks persisted, and that the central bank would have to tighten its monetary policy.

The bank has already raised its key rates by 50 basis points on three occasions this year, and the markets expect another hike in October.

However, inflation is expected to drop slightly in the coming months as fuel prices ease, settling to 4-4.2 percent for the full year, according to SLSP bank analyst Mária Valachyová.

Top stories

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Poll: Smer followed by SaS, KDH also in parliament

Had the general election taken place in mid-February, the opposition Freedom and Solidarity (SaS) would place second, and the now extra-parliamentary KDH would get nine seats.

Alojz Hlina took over at the helm of KDH

Woman who urinated on the Quran arrested, awaiting trial

Some observers believe the video might lead to increasing security risks for Slovakia.

The accused woman arrives to the court.