Spectator on facebook

Spectator on facebook

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

Top stories

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates

Blog: Slovakia’s time to shine is now

People may be able to recognise Slovakia’s neighbouring countries through associations with food, drinks, beautiful cities or well-known political events. But Slovakia remains very much "hidden".

Bratislava Castle

The day that changed the Tatra mountains for good Photo

The windstorm damaged 12,000 hectares of woods on November 19, 2004.

Tatras after the 2004 calamity

Smer follows a downward trend but may escape oblivion

What does the defeat in regional elections mean for the future of Slovakia’s strongest party?

“How could it be a fiasco when a political party wins most councillors among all parties?” asks PM Robert Fico.