Headline inflation in Slovakia accelerates to 4.6 percent in May

Year-on-year growth of consumer prices in Slovakia accelerated from 4.3 percent in April to 4.6 percent in May. As a result, average headline inflation for the first five months of this year reached 4.2 percent, up 0.1 percentage points compared to the January-April period. Monthly headline inflation in May rose by 0.1 percentage points to 0.3 percent, the Slovak Statistics Office told SITA on June 11.

Year-on-year growth of consumer prices in Slovakia accelerated from 4.3 percent in April to 4.6 percent in May. As a result, average headline inflation for the first five months of this year reached 4.2 percent, up 0.1 percentage points compared to the January-April period. Monthly headline inflation in May rose by 0.1 percentage points to 0.3 percent, the Slovak Statistics Office told SITA on June 11.

Net inflation, which excludes the effects of food prices, stood at 3.5 percent year-on-year in May, for the third month in a row. Food prices continued to rise in May. Compared to 9.4 percent year-on-year in April, they rose by 10.1 percent in May. The average year-on-year rise in food prices in the January–May period was 9.1 percent. 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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