Spectator on facebook

Spectator on facebook

Inflation fell again in May

The pace of growth of consumer prices in Slovakia is continuing to fall. Inflation in May reached 3.4 percent year-on-year, compared to 3.6 percent in April. Over the first five months of 2012, consumer prices in Slovakia rose by 3.7 percent year-on-year. The month-on-month growth of prices slowed to 0.1 percent in May. In April prices increased by 0.3 percent month-on-month, the Slovak Statistics Office reported on Wednesday, June 13, as quoted by the SITA newswire.

The pace of growth of consumer prices in Slovakia is continuing to fall. Inflation in May reached 3.4 percent year-on-year, compared to 3.6 percent in April. Over the first five months of 2012, consumer prices in Slovakia rose by 3.7 percent year-on-year. The month-on-month growth of prices slowed to 0.1 percent in May. In April prices increased by 0.3 percent month-on-month, the Slovak Statistics Office reported on Wednesday, June 13, as quoted by the SITA newswire.

In year-on-year terms, prices rose fastest in transport (by 7.1 percent), in health care and education (by 5.7 percent), and in housing, water and energy supply (by 4.4 percent). Prices were also higher for miscellaneous goods and services, hotels, cafes and restaurants, alcoholic beverages and tobacco, food and soft drinks, clothing and footwear, recreation and culture, and furniture, household equipment and routine household maintenance. Prices of postal services and telecommunications fell by 0.2 percent.

On a monthly basis in May (compared to April), prices rose most for clothing and footwear, by 1.2 percent. Prices remained at last month's level in housing, supply of water, electricity, natural gas and other fuels, furnishings, household equipment and routine maintenance, postal services and telecommunications, recreation and culture, education and miscellaneous goods and services. Slovakia achieved its lowest inflation rate of recent times in 2010, when a sharp weakening of demand resulting from the financial and economic crisis pushed it down to 1 percent. Last year, inflation rose again. According to the national methodology, average inflation in 2011 was 3.9 percent, in line with the expectations of the Finance Ministry. This year, the ministry envisages a fall in inflation to 2.8 percent.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci