Spectator on facebook

Spectator on facebook

Annual inflation predicted to resume rising in August

Slovakia’s inflation rate as measured using the EU harmonised index of consumer prices is likely to tick up in August, the country’s central bank, the NBS, reported on Wednesday, August 17. Year-on-year inflation in consumer prices measured using the EU methodology over the past 12 months reached 3.8 percent in July, down from 4 percent the month before. NBS expects the indicator to exceed 4 percent in August, however.

Slovakia’s inflation rate as measured using the EU harmonised index of consumer prices is likely to tick up in August, the country’s central bank, the NBS, reported on Wednesday, August 17. Year-on-year inflation in consumer prices measured using the EU methodology over the past 12 months reached 3.8 percent in July, down from 4 percent the month before. NBS expects the indicator to exceed 4 percent in August, however.

The average year-on-year EU harmonised inflation rate reached 2.7 percent in July, representing a rise of 0.3 percentage points compared to June, the TASR newswire wrote. The development was mainly due to slightly lower prices for food and non-alcoholic drinks, clothes and shoes, furniture, furnishings and ordinary household maintenance, alcoholic and tobacco products. The predicted rise in August is due to higher gas and heating prices, coupled with hikes in public transport fares, the NBS said.

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.

Top stories

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.