Inflation in Slovakia slowed in January

HEADLINE inflation in Slovakia again decelerated in January, from 4.4 percent in December to 3.7 percent. In monthly terms, consumer prices grew in January by 0.7 percent, while in December they fell by 0.2 percent, the Slovak Statistics Office reported, as quoted by SITA.

HEADLINE inflation in Slovakia again decelerated in January, from 4.4 percent in December to 3.7 percent. In monthly terms, consumer prices grew in January by 0.7 percent, while in December they fell by 0.2 percent, the Slovak Statistics Office reported, as quoted by SITA.

In January, the year-on-year growth rate of food prices continued to fall. Following December’s pace of 2.5 percent, food prices were only 1.2 percent higher year-on-year in January. The average year-on-year growth of food prices in some months of 2008 were as much as 8 percent. In month-on-month terms, food prices in January increased by 0.7 percent.

The slower growth of food prices results in deceleration of the core inflation rate, which measures the growth of consumer prices excluding regulated prices and the effects of taxes. Year-on-year core inflation fell in December to 2.5 percent. On a month-on-month basis, core inflation was 0.3 percent, compared to minus 0.4 percent in December. Net inflation in January reached 2.8 percent in annual terms, which was a drop from 3.5 percent reported in December.

Top stories

The Slovak Museum of Maps is situated in Kynceľová, near Banská Bystrica.

At Slovakia’s map museum, visitors become cartographers

The museum outside Banská Bystrica takes people on a history and geography tour, providing them with interactive stops at the same time.


27. jun
Students from Trnava with their electric car.

Slovak student-made electric car off for a race in France

A team from Trnava is representing Slovakia at an international competition of young innovators.


29. jun
A plant in Nováky in the Upper Nitra region.

Most Slovaks refuse to fight climate change by lowering living standards

Slovaks' knowledge about climate change is far from ideal, survey also shows.


28. jun

New cure for potentially deadly canine disease comes from Slovakia

Cure stops the disease from recurring, scientists say.


29. jun
SkryťClose ad