Monthly inflation in Slovakia hits six-year record

The monthly inflation rate in Slovakia measured by the consumer price index was 3% in January 1999, the highest monthly rate since the origin of the Slovak Republic.

The year-on-year inflation rate showed significant growth as well. While consumer prices went up 5.6% in December 1997 compared to December 1998, the January to January rate was 6.8%. In its 1999 monetary program, the National Bank of Slovakia (NBS) set net inflation at 5-7%. Net inflation applies to 55% of commodities and services in the consumer basket.

Slovakia saw an average annual inflation rate of 6.7% last year. After it decided to abolish the fluctuation band of the Slovak crown and float the Slovak currency in October, the central bank revised its 1998 year-on-year inflation goal upwards from 6.8 to 9.4%.

In 1997 the average annual inflation rate in Slovakia was 6.1%, while it was 5.8% one year earlier. the fund did not act.

Top stories

The interactive exhibition Elements of Art is dedicated to the 70th anniversary of the Žilina Music Conservatory on November 18, 2021.

Weekend: US basketball players score big in Slovakia

A potential Christmas present, one hike, nice sports stories, and more. Dive into reading this week's roundup.

26. nov

News digest: Employers finally get manual for employee Covid testing

Bratislava starts the Christmas season online and the refurbishment of one of the biggest fountains in Slovakia. Tatra ski resorts have switched on their snow-making machines.

26. nov
Christmas trees began appearing in the squares during the First Czechoslovak Republic and there is a touching Christmas story behind it.

Lockdown for just two weeks? Forget it, say experts

The experts advising the government expect some rules may lift before Christmas, but only for the vaccinated.

26. nov
Chicago Blackhawks right wing Marián Hossa prepares for a face off against the Florida Panthers during an NHL hockey game in March 2017.

The (in)conspicuous superstar that had to suffer to achieve great things: Marián Hossa

The Slovak hockey player has been inducted into the Hockey Hall of Fame.

25. nov
Skryť Close ad