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ECONOMIC BRIEFS

June inflation at 7.1% year-on-year

Slovakia's inflation rate stood at 7.1% year-on-year and was up 0.5% from May, the Slovak Statistical Office announced on July 13.

The year-on-year growth in consumer prices was caused mainly by higher prices of housing, water, electricity, gas and other fuels which rose 18%. Prices for transport went up 11.6%, prices of education 9.5%, prices for recreation and culture 8.3% and prices of clothing and footwear 7.8%.

In contrast, prices for food and non-alcoholic beverages dropped 0.5%.

Month-on-month, the highest growth was in the prices of education (3.3%), health care (3.2%) and transport (2.4%). Prices of food and non-alcoholic beverages remained unchanged.

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