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.

Get daily Slovak news directly to your inbox

Top stories

Railway station in Košice

Who’s the foreigner in this country now?

The virus has highlighted some differences between migrants and locals, but erased others.

8 h
Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

22 h
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

22. jan
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan