Spectator on facebook

Spectator on facebook

Food prices expected to rise in autumn or winter

Economic analysts estimate that people may notice a hike in food prices as early as this autumn or winter, Poštová Banka analyst Eva Sadovská reported on Monday, September 24.

Economic analysts estimate that people may notice a hike in food prices as early as this autumn or winter, Poštová Banka analyst Eva Sadovská reported on Monday, September 24.

The main causes of significant price growth include the long drought and increases in the input costs of food producers caused, for example, by rising oil prices. According to Poštová Banka's estimates, the prices of food and non-alcoholic beverages could go up by 6-8 percent year-on-year, while the figure for January-June 2012 stood at 4 percent.

The TASR newswire quoted the Tatra Banka analyst Boris Fojtík as saying that food prices are expected to rise over the entire year by 5 percent on average, which is much higher than the usual 3-3.5 percent. The most significant price hikes are expected for bread and cereals. Conversely, the prices of sweets will probably stay put, as the prices of goods such as coffee, cacao and sugar are lower than they were last year.

(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

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.