Spectator on facebook

Spectator on facebook

July consumer prices up 0.3 percent month-on-month

JULY consumer prices in Slovakia rose by 0.3 percent month-on-month and 8.5 percent year-on-year, the Statistics Office reported.

Core inflation stood at 0.3 percent for the month and 2.7 percent for the year, while net inflation posted figures of 0.2 percent and 2.5 percent, the news wire TASR wrote.

Silvia Čechovičová, an analyst with ČSOB bank, said the development was in line with market expectations.

"In July, rapid price hikes related to Slovakia's accession into the EU were also not confirmed," she said.

However, she was slightly surprised by the higher prices of health sector services and a drop in transport prices.

Čechovičová expects the price level to decrease throughout the rest of the year.

The largest price rises were in the categories of health services, 3.8 percent on the month; foodstuffs, 0.6 percent; housing, water, electricity, gas, and other energies, 0.5 percent; tobacco, 0.5 percent; recreation and culture, 0.3 percent; education, 0.1 percent.

The biggest drops were in furniture, home appliances, and regular housing maintenance, 0.8 percent; alcoholic drinks, 0.4 percent; shoes, 0.3 percent; transport, 0.2 percent; non-alcoholic drinks, 0.2 percent; and clothes, 0.2 percent.

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

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.