BUSINESS IN SHORT

Inflation rate rises but remains low

SLOVAKIA’s consumer prices, as measured by the European Union’s Harmonised Index of Consumer Prices (HICP) increased in April, the SITA newswire reported. Year-on-year inflation in April was 0.7 percent, after posting an increase in March of 0.3 percent following a historical low of minus 0.2 percent reported for February. The average 12-month inflation rate was unchanged and remained at the historical low of 0.3 percent posted in March.

SLOVAKIA’s consumer prices, as measured by the European Union’s Harmonised Index of Consumer Prices (HICP) increased in April, the SITA newswire reported. Year-on-year inflation in April was 0.7 percent, after posting an increase in March of 0.3 percent following a historical low of minus 0.2 percent reported for February. The average 12-month inflation rate was unchanged and remained at the historical low of 0.3 percent posted in March.

Prices of alcoholic beverages and tobacco jumped the most in April, by 7.9 percent, based on a year-on-year comparison, SITA wrote. The deepest drop in prices, of 3.8 percent, was for furniture and home furnishings. Prices of clothing and footwear fell 2 percent, while prices of housing, water, electricity, gas and other fuels shrank by 1.3 percent.


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