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Prices down in August

AFTER a long period of rising prices inflation recorded a decrease in August falling 0.1 percent month-on-month.

Analysts were particularly surprised by the relatively dramatic decrease of food prices, which plunged one percent, SME daily wrote.

"After entering the EU, food prices recorded a strong growing trend but August brought a surprising turn. A good harvest this year could also attenuate the price growth in the remaining months of the year," said ING Bank economist, Ján Tóth.

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

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