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Inflation falls in December

Inflation measured according to Slovakia’s national methodology stood at 4.4 percent year-on-year (y-o-y) in December, the Statistics Office reported on January 13.

Inflation measured according to Slovakia’s national methodology stood at 4.4 percent year-on-year (y-o-y) in December, the Statistics Office reported on January 13.

This is considerably lower than the figure of 4.9 percent recorded in November, and a deceleration for the third consecutive month.

According to the Statistics Office, core inflation reached 3.3 percent in December, while net inflation stood at 3.5 percent. The average growth in prices for the whole of 2008 was 4.6 percent y-o-y, the TASR newswire wrote.

The most significant y-o-y price increases in December were in housing, water, electricity, gas and other fuels (11 percent), in alcoholic beverages and tobacco (9.4 percent), and in hotels, cafes and restaurants (6.9 percent).

Conversely, y-o-y price reductions were recorded in transport (down by 4 percent), in furniture, household equipment and maintenance (down by 0.5 percent), and in postal services and telecommunications (down by 0.3 percent). TASR

Compiled by Zuzana Vilikovská from press reports
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