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Inflation lower than analysts expected

The growth of consumer prices in March that was reported by the Slovak Statistics Office on April 12 was slightly lower than expected by economic analysts.

Consumer prices in Slovakia rose by 2.7 percent year-on-year in March 2007, which means that on a monthly basis consumer prices remained unchanged because core inflation over the same period stood at 2.5 percent year-on-year, while net inflation was 2.4 percent.

Therefore, analysts have reduced their estimates concerning the level of harmonized inflation in March which is set for release on Monday, April 16. This represents a major step towards meeting the Maastricht inflation criteria. Also, the analysts expect inflation in March not to move from February's level of 2 percent.

Compiled by Zuzana Vilikovská from press reports
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