Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Eurostat reports on inflation

THE RATE of inflation in Slovakia grew faster in September than the average across the eurozone and all countries of the European Union, according to a Eurostat report on the Harmonised Index of Consumer Prices, the SITA newswire reported.

THE RATE of inflation in Slovakia grew faster in September than the average across the eurozone and all countries of the European Union, according to a Eurostat report on the Harmonised Index of Consumer Prices, the SITA newswire reported.

The average inflation rate in the eurozone in September was 3 percent year-on-year and 3.3 percent in the entire EU, while Slovakia's inflation rate was reported at 4.4-percent.

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

Nevertheless, Jozef Makúch, the governor of the NBS, expects Slovakia’s inflation rate to drop below 2 percent in 2012.


Top stories

Giving a voice to those unheard

The Sme daily celebrates 25 years since its founding. It is of immense importance that it remains independent and free, writes its editor-in-chief.

Surcharges for night, weekend and holiday work will go up in two phases

Social partners agree upon a compromise solution.

Royal chocolate made by Slovak Photo

Some of the chocolate art pieces are decorated with gold or silver.

Veľký Rozsutec is open, just don't forget your climbing irons Photo

One of the most photogenic mountains in the Malá Fatra range is open in the winter, too.

Veľký Rozsutec, a photo from the mountain top.