Spectator on facebook

Spectator on facebook

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.

Top stories

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

The most famous circus comes to town Video

The famous Cirque du Soleil is in Bratislava celebrating the 15th year of its show Varekai: Tales of the Forest.

Cirque du Soleil: Varekai

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.

Letters can be checked at work – but is it legal?

The recent scandal surrounding the parliamentary office opening and checking the post of MPs has opened the issue of postal privacy – which also concerns emails or text messages – guaranteed by the law.

Andrej Danko, speaker of parliament