Year-on-year inflation hits 30-month high

In May, the year-on-year inflation rate reached 7.6%, the highest level since November 1995 when it was at the same level, the Slovak Statistical Office (ŠÚSR) said on June 9. Consumer prices grew 0.6% in May, putting the year-on-year figure at 7.6%, up from 7.0% in April and 7.2% in March. The NBS in its 1998 monetary plan set its inflation estimate at 5.6 to 5.9%, while the government in its 1998 budget draft counted on a 6% rate.

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