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Slovakia’s inflation rate measured at 4.8% in November

The growth rate of consumer prices in Slovakia as measured by EU methodology continues to accelerate with the SITA newswire reporting that the country’s Statistics Office released data showing that the harmonised index of consumer prices (HICP) had a rate of 4.8 percent in November, an acceleration of 0.2 percentage points compared with the October rate. The November inflation rate was the highest since August 2008, SITA added.

The growth rate of consumer prices in Slovakia as measured by EU methodology continues to accelerate with the SITA newswire reporting that the country’s Statistics Office released data showing that the harmonised index of consumer prices (HICP) had a rate of 4.8 percent in November, an acceleration of 0.2 percentage points compared with the October rate. The November inflation rate was the highest since August 2008, SITA added.

The average twelve-month inflation rate was 3.8 percent in November, up 0.3 percent from October. Prices of transportation increased the most in November in year-on-year terms, by 11.5 percent. Prices of furniture, household equipment and regular home maintenance were the only category to show a year-on-year drop, by 0.4 percent on average.

The predicted weaker economic growth next year is expected to also slow inflation. The National Bank of Slovakia reduced its estimate of HICP for 2012 by 0.2 percentage points to 2.8 percent.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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