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Core inflation up in October

Core inflation in Slovakia, which measures the growth of consumer prices excluding regulated prices and administrative tax interventions, rose by 0.6 percentage points from September to 3.6 percent year-on-year in October.

Monthly core inflation was 0.7 percent in October, which is 0.5 percentage points more than in the previous month, the Statistics Office of the Slovak Republic reported.

The average core inflation for the first 10 months of this year was 2.7 percent, up 0.2 percentage points from the nine-month average.

Net inflation, which excludes the effects of food price development, was 0.2 percent in October, up 0.2 percentage points month-on-month. Year-on-year, net inflation went up from 2.8 percent in September to 2.9 percent in October.

On average for the first 10 months of 2007, the net inflation was 2.5 percent.

-SITA

Compiled by Zuzana Vilikovská from press reports
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