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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.

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