Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Inflation unchanged in August

THE GROWTH rate of consumer prices in Slovakia in August remained unchanged at July’s 3.7 percent. Over the first eight months of 2012, prices in Slovakia rose by 3.7 percent on average. In a monthly comparison, consumer prices in August grew 0.1 percent, the data of the Slovak Statistics Office show, as reported by the SITA newswire.

THE GROWTH rate of consumer prices in Slovakia in August remained unchanged at July’s 3.7 percent. Over the first eight months of 2012, prices in Slovakia rose by 3.7 percent on average. In a monthly comparison, consumer prices in August grew 0.1 percent, the data of the Slovak Statistics Office show, as reported by the SITA newswire.

On an annual basis, prices grew most in transportation by 7 percent, in education by 6.1 percent and in health care by 5.9 percent. Prices of foodstuffs and soft drinks rose 4.8 percent, prices of miscellaneous goods and services by 4.2 percent, prices in hotels, cafés and restaurants by 3.7 percent, while prices of housing, water, electricity, gas supply and other fuels grew by 3.5 percent.

Prices of alcoholic beverages and tobacco grew 2.9 percent, recreation and culture 1.9 percent, clothing and footwear 1.5 percent, postal and telecommunications services 0.8 percent and household equipment and routine household maintenance 0.4 percent.

In monthly terms, prices went up in the sectors of transport 1.2 percent, healthcare 1.1 percent, postal and telecommunications services 0.9 percent, miscellaneous goods and services 0.3 percent, hotels, cafes and restaurants 0.2 percent, and housing, water, electricity, natural gas and other fuels 0.1 percent. On the other hand, prices of clothing and footwear dropped 0.7 percent, foodstuffs and soft drinks 0.6 percent, furniture, household equipment and routine household maintenance 0.2 percent, recreation and culture 0.1 percent. Prices of alcoholic beverages and tobacco as well as education remained at the level from July.

The year-on-year core inflation, which monitors consumer prices excluding regulated prices and administrative interventions in taxation, grew in August from July’s 2.8 percent to 2.9 percent. Net inflation, which does not factor food prices, grew year-on-year from 2.5 percent in July to 2.6 percent in August. On a monthly basis, core inflation was again zero in the eighth month, while net inflation reached 0.2 percent, SITA wrote.

Top stories

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

Napoleon’s oak planted in Bratislava's Tyršovo Embankment Photo

An oak of Napoleonic legend was replanted, part of a commemoration spanning several days.

Planting "Naopoleon's oak" on May 20, 2017.