National Plan: Misperception of inflation is main risk for euro

Rising prices, or the public's feeling that they have been hurt by euro introduction, is one of the highest risks of transitioning to the new currency in Slovakia, states the National Plan for Euro Adoption in the Slovak Republic 2008-2009. Consumers in most of the 12 countries that introduced the euro in 2002 admitted a feeling of excessive price hikes, the report confirms, yet those price hikes did not become a reality.

Rising prices, or the public's feeling that they have been hurt by euro introduction, is one of the highest risks of transitioning to the new currency in Slovakia, states the National Plan for Euro Adoption in the Slovak Republic 2008-2009.

Consumers in most of the 12 countries that introduced the euro in 2002 admitted a feeling of excessive price hikes, the report confirms, yet those price hikes did not become a reality.

In those 12 countries, only 0.09- to 0.28-percent price growth could be ascribed to the euro. This was a small portion of the overall inflation of 2.5 percent. Nonetheless, consumers perceived significantly higher inflation, the report confirms. 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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Some schools open, so do some ski resorts

Top prosecutor to be appointed soon. Zsuzsová goes to prison in a murder case. Pezinok judges are busy deciding about custodies for high-profile suspects.

Some schools will open on December 7

Matovič pushed through testing at schools, government is launching a pilot project this weekend.

PM Igor Matovič (front) and Education Minister Branislav Gröhling  (back)

Freed in the Kuciak murder case, guilty of another murder

The Specialised Criminal Court sends Alena Zsuzsová to prison for ordering the murder of former Hurbanovo mayor. She appealed against the verdict, insists she is innocent.

Alena Zsuzsová is escorted to the courtroom.

Health Ministry gearing up for COVID vaccines

Mass campaign planned to get people to take jab.

Illustrative stock photo