Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

March inflation lower than expected

SLOVAKIA'S CONSUMER prices grew less in March than analysts originally expected.

The Slovak Statistics Office announced on April 12 that consumer prices remained stable compared with February.

Consumer prices in Slovakia rose by 2.7 percent year-on-year in March 2007. Core inflation in the same period stood at 2.5 percent year-on-year, while net inflation was 2.4 percent.

"In particular, cheaper food and the drop in car prices, which softened the negative impact of the increase in motor fuel prices, were behind the stagnation in prices compared to the expected increase," an analyst with ČSOB bank, Silvia Čechovičová, told the SITA news wire.

Growth in inflation remains relatively favourable and the inflation rate should gradually slow down, analysts said.

"We see the main risk in the growth of crude oil prices, which pushes motor fuel prices up and also means a risk for energy prices," warned Čechovičová.

The Statistics Office announced on April 16 that the growth dynamics of consumer prices in Slovakia accelerated in March, according to a measure from the European Union.

The year-on-year inflation rate measured by the European Union's harmonized index of consumer prices reached 2.1 percent in March, up 0.1 percentage points compared with February. The monthly inflation rate was much the same as in the previous month.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Biker gang complex in Dolná Krupá raises questions

What does the Russian bikers’ gang Night Wolves do in the Slovak village of Dolná Krupá?

The complex in Dolná Krupá

Here is how I measure the speed of integration

Babiš proposes to end war, poverty and religious extremism with a snap of our fingers. Why hasn’t anybody else thought of this?

Andrej Babiš, Czech prime minister

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach