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Core and net inflation up in June

The country's core inflation rate in June was up 2.5 percent from June of last year - a growth of 0.3 percentage points from May.

Core inflation measures the growth of consumer prices, except for regulated prices and administrative interventions in taxes.

Monthly core inflation totalled 0.4 percent in June, which was up 0.2 percentage points from the previous month, the Statistics Office of the Slovak Republic reported on July 12.

Slovakia posted a monthly net inflation of 0.5 percent in June following a three-month stagnation at 0.1 percent, which means it jumped by 0.4 percentage points.

In year-on-year terms, net inflation went up from 2.2 percent in May to 2.6 percent in June.

Net inflation excludes the effects of food price development.

Headline inflation in Slovakia accelerated by 0.2 percentage points from May, to 2.5 percent in June. In a monthly comparison, consumer prices rose by 0.3 percent in June.

Six months into 2007, consumer prices rose 2.6 percent on average, which was 0.1 percentage points less than the average inflation for the first five months of this year.

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

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