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Slovakia’s central bank predicts higher inflation in October

The rate of inflation in Slovakia grew faster in September than the average in the eurozone and in the entire European Union, according to data from Eurostat based on the Harmonised Index of Consumer Prices (HICP), the SITA newswire reported.

The rate of inflation in Slovakia grew faster in September than the average in the eurozone and in the entire European Union, according to data from Eurostat based on the Harmonised Index of Consumer Prices (HICP), the SITA newswire reported.

Average inflation in the eurozone in September was 3 percent year-on-year and 3.3 percent in the EU while Slovakia registered a 4.4-percent inflation rate.

The National Bank of Slovakia (NBS) predicted prices will continue in rising in October, the TASR newswire reported. The higher rate of inflation is expected due to energy prices and services linked to the beginning of the school year, TASR wrote.

Nevertheless, the governor of the NBS, Jozef Makúch, predicted that Slovakia’s inflation in 2012 will drop below 2 percent.

Source: SITA, TASR

Compiled by Radka Minarechová from press reports
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