Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

EU-harmonised inflation beats expectations

SLOVAKIA'S EU-harmonised inflation for June came in below the expectations of the National Bank of Slovakia (NBS).

According to data released by the Statistics Bureau on July 13, EU-harmonised consumer prices grew by 1.5 percent this June compared to June 2006. They were up by 0.1 percent from the previous month.

Core inflation, which excludes the impacts of changes in regulated prices, reached 1.7 percent.

Growth in food prices was also slower compared to last year.

"[This] was mainly caused by unprocessed food prices, which decelerated due to the fall of vegetable prices on an annual basis," the central bank reported.

Conversely, processed food prices accelerated slightly from last year.

The NBS expects inflation growth to decelerate in July, mainly due to the anticipated slowdown in service price growth.

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness