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Inflation rate lower for five straight months

Slovakia's annual headline inflation calculated according to national methodology slowed for the fifth consecutive month in February, dropping to 3.1 percent from 3.4 percent in January, the Slovak Statistics Office told the TASR newswire on March 12.

Slovakia's annual headline inflation calculated according to national methodology slowed for the fifth consecutive month in February, dropping to 3.1 percent from 3.4 percent in January, the Slovak Statistics Office told the TASR newswire on March 12.

Core inflation, which excludes the effects of changes in excise taxes and state-regulated prices, came in at 2.2 percent, while net inflation (core inflation adjusted for changes in fuel prices) was 2.4 percent.

Prices rose 0.1 percent month-on-month in February. The Statistics Office also said it has revised its inflation estimate for the first half of this year from 3.4 percent down to 3.1 percent. Sectors with higher than headline inflation in February were housing, water, electricity and other fuels at 8.4 percent y-o-y, alcoholic beverages and tobacco at 8.3 percent, hotels, cafes and restaurants at 6.2 percent, healthcare at 5.6 percent, and education at 5.3 percent.

Prices also rose in miscellaneous goods and services by 1.5 percent, in clothing and footwear by 1.4 percent, and in food and non-alcoholic beverages by 1.3 percent. Prices fell y-o-y in transport by 7.2 percent, and in furniture, household equipment and home maintenance supplies, in recreation and culture, and in postal and telecommunications services by 0.3 percent for all three expenditure categories. TASR

Compiled by Zuzana Vilikovská from press reports
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