Inflation falls to 2.6 percent

Year-on-year headline inflation dropped to 2.6 percent in March from 3.1 percent in February, the Slovak Statistics Office said on April 14.

Year-on-year headline inflation dropped to 2.6 percent in March from 3.1 percent in February, the Slovak Statistics Office said on April 14.

The sectors which experienced highest inflation were housing, water, electricity, gas and other fuels - 8.1 percent year-on-year (y-o-y) - alcoholic beverages and tobacco - 8 percent y-o-y - hotels, cafes and restaurants - 6.4 percent y-o-y - healthcare - 5.2 percent y-o-y - and education - 5.2 percent y-o-y.

Prices fell y-o-y for transport – by 8.4 percent - recreation and culture – by 0.7 percent - furniture, household equipment and home maintenance supplies – by 0.5 percent - and in postal and telecommunications services – by 0.3 percent - the TASR newswire reported, quoting the Statistics Office.

Core inflation, which excludes the effects of changes in excise taxes and state-regulated prices, fell from 2.2 percent in February to 1.6 percent, while net inflation (core inflation adjusted for changes in fuel prices) was down to 2 percent last month from 2.4 percent a month earlier.

Inflation in the first three months of this year came in at 3.1 percent while for the whole of 2008 it was 4.6 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.

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