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.
24. Oct 2011 at 0:00 | Compiled by Spectator staff