Prices higher than expected

The 0.5 percent growth in consumer prices in September exceeded analysts' expectations. Higher prices for food, soft drinks, and telecommunications and postal services pushed up the price level during the month monitored.

Negligible demand-driven pressure in September was confirmed by the development of core and net inflation, news wire SITA reported.

Monthly core inflation, which determines the rate of consumer price growth excluding the influence of regulated prices and other administrative measures, was at 0.4 percent while its year-on-year figure was 2.8 percent.

Even though the price level growth was higher than expected, according to analysts inflation development provides no reason for concern. Analysts eye further cuts in key interest rates by the central bank to support the sluggish domestic demand.

The central bank expects that a continuing increase in food prices will also affect the price level in October.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

White Crow laureates (l-r): Andrej Belák, Jolana and Štefan Náther, Jaroslav Macek

The stories of White Crow laureates show how important it is to speak up against injustice

The awards went to four initiatives in justice, education, health care and minorities.

24 h
The mass testing in Nitra.

News digest: Results from weekend nationwide testing still not out

The parliamentary committee recommends one candidate for new police chief. NASA picks a picture by Slovak photographer as its Astronomy Picture of the Day.

17 h
Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

22 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

24 h