Stats Office: Inflation reached 3.7 percent in August 2012

Year-on-year inflation reached 3.7 percent in August, with core inflation at 2.9 percent and net inflation amounting to 2.6 percent, the Slovak Statistics Office announced on Wednesday, September 12. Meanwhile, consumer prices in August posted a rise of 0.1 percent month-on-month.

Year-on-year inflation reached 3.7 percent in August, with core inflation at 2.9 percent and net inflation amounting to 2.6 percent, the Slovak Statistics Office announced on Wednesday, September 12. Meanwhile, consumer prices in August posted a rise of 0.1 percent month-on-month.

The most significant price rises on a monthly basis were recorded in transport (1.2 percent); in health care (1.1 percent); in postal and telecommunications services (0.9 percent); in miscellaneous goods and services (0.3 percent); and in housing, water, electricity, gas and other fuels (0.1 percent).

Falls in prices month-on-month were observed in clothing and footwear (0.7 percent), in food and non-alcoholic beverages (0.6 percent), in furniture and ordinary household maintenance (0.2 percent), and in recreation and culture (0.1 percent). The prices of alcoholic beverages and tobacco remained unchanged when compared to July 2012, the TASR newswire reported, citing the Statistics Office.

Consumer prices in Slovakia are expected to continue rising at a similar pace in September, the Slovak central bank (NBS) announced on Wednesday.

"The level of year-on-year inflation was slightly higher in August 2012 compared to the NBS's expectations," the bank pointed out.

Source: TASR

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

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