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Inflation rate drops to new historic low in October

The inflation rate in October was the lowest ever according to data from the Slovak Statistics Office which reported that the rate was 0.4 percent y-o-y which was a further deceleration from September’s historic low of 0.6 percent, the SITA newswire wrote.

The inflation rate in October was the lowest ever according to data from the Slovak Statistics Office which reported that the rate was 0.4 percent y-o-y which was a further deceleration from September’s historic low of 0.6 percent, the SITA newswire wrote.

In a y-o-y comparison, prices of alcoholic drinks and tobacco increased the most (up 8 percent), SITA wrote. On the other hand, prices of food and soft beverages dropped the most in comparison with September 2009: down by 5.7 percent.

Consumer prices went up by 0.1 percent on a monthly basis. The core inflation, which measures consumer prices excluding regulated prices and administrative interventions into taxes, was negative 0.8 percent in October, compared with minus 0.6 percent in September. 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.

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