Spectator on facebook

Spectator on facebook

Slovakia's inflation rate falls to 2.2 percent in May

Headline inflation in Slovakia continues to decelerate as year-on-year growth of consumer prices slowed from 2.3 percent in April to 2.2 percent in May, the SITA newswire reported.

Headline inflation in Slovakia continues to decelerate as year-on-year growth of consumer prices slowed from 2.3 percent in April to 2.2 percent in May, the SITA newswire reported.

The average y-o-y inflation rate for the first five months of 2009 was 2.7 percent. Prices increased by 0.2 percent in May on a monthly basis while they had declined 0.1 percent month-on-month in April, the Statistics Office reported on June 11.

Food prices in Slovakia continued declining, too. In May, they were 2.4 percent lower than in the same month of the previous year. In April food prices had fallen 2.1 percent y-o-y. On average for the first five months of this year, food prices were 0.4 percent lower than in the same period a year ago, SITA wrote.

The fall in food prices contributed considerably to the deceleration of core inflation which measures growth of consumer prices with the exclusion of regulated prices and administrative interventions in the area of taxes. Core inflation was 1.1 percent in May, which was 0.1 percentage points less than April. Average core inflation was 1.7 percent in the first five months. SITA

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

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.

Robert Fico is not Saddam Hussein

It would take too long to list all the crazy distortions the international media presented about Central Europe and the Czech election campaign this week.

Babiš

Top stories from Last Week in Slovakia Video

Voters’ indifference affects regional votes - Can Slovaks be lured back from Britain? - Petit Press majority owner dies

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between October 20 and October 29, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

International Halloween Party