Spectator on facebook

Spectator on facebook

EU-harmonised inflation beats expectations

Slovakia's EU-harmonised inflation for June released by the Statistics Office earlier on July 13 came in below the expectations of the National Bank of Slovakia (NBS).

The statistics office data shows that EU-harmonised consumer prices in June 2007 grew by 1.5 percent compared to June 2006, and were up by 0.1 percent month-on-month. Core inflation, which excludes the impacts of changes in regulated prices, reached 1.7 percent.

Food prices' dynamics was also slower year-on-year. "[This] was mainly caused by the development of unprocessed food prices which decelerated due to the fall of vegetable prices on an annual basis," the central bank reported. Conversely, processed food prices slightly accelerated year-on-year.

In July, the NBS expects the dynamics of inflation to decelerate from June mainly due to the anticipated slowdown in the dynamics of prices of services.

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

Top stories

Slovak scientist in the US: Slovak science needs more than just money to thrive

It seems as if we do not want skilled scientists to return home, says Dominika Truban, who founded a platform connecting Slovak researchers abroad and at home.

Dominika Truban

The Education Ministry to restore the analytical institute

The institute that is part of the Value for Money initiative was merged with another body at the beginning of the year.

Education Minister Martina Lubyová

Blog: Helping others helps your company too

Tatiana Čaplová, Program Coordinator for CSR at the Pontis Foundation, offers a very interesting look behind the scenes of the most successful CSR event in Slovakia - Naše Mesto (Our City).

Bratislava