Inflation rose slightly in September to 1.1 percent

The year-on-year inflation rate in Slovakia accelerated slightly from 1 percent in August to 1.1 percent in September, the Statistics Office announced on Tuesday, October 12, as reported by the TASR newswire.

The year-on-year inflation rate in Slovakia accelerated slightly from 1 percent in August to 1.1 percent in September, the Statistics Office announced on Tuesday, October 12, as reported by the TASR newswire.

Core inflation reached 1.3 percent in September, while net inflation equalled 0.5 percent. Compared to the previous month, September didn't see any change in consumer prices. According to analysts, the year-on-year (y/y) increase in prices was mainly caused by the rising prices of alcohol and tobacco products, by 6.6 percent y/y. Consumers also paid considerably more for education (4.5 percent), healthcare (4.3 percent) and food and non-alcoholic drinks (3.9 percent). Furniture prices fell by 3 percent, however. Between January and September 2010, meanwhile, prices grew by 0.9 percent y/y. Compared to the second quarter, consumer prices in the third quarter didn't change overall.

Source: 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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