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Food prices to rise again

On December 18, the Sme daily reported in a front-page article that food prices will keep increasing next year. However, the rise will not be as dramatic as this autumn. Analysts share the opinion that out of all groups of goods and services, the price of food will go up most. The reason behind the growth will be a bad harvest in the world, higher consumption of food of higher quality in China and India, as well as the production of ecological bio-fuels.

On December 18, the Sme daily reported in a front-page article that food prices will keep increasing next year. However, the rise will not be as dramatic as this autumn. Analysts share the opinion that out of all groups of goods and services, the price of food will go up most. The reason behind the growth will be a bad harvest in the world, higher consumption of food of higher quality in China and India, as well as the production of ecological bio-fuels.

However, analysts are confident that salaries will increase more than prices next year. While inflation of three percent is expected next year, salaries should go up by nearly seven percent. The list of goods whose prices are expected to go up include electricity, food, motor fuels and cigarettes. SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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