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Stat's Office: Inflation stood at 1.7 percent in May

Slovakia's inflation rate reached 1.7 percent year-on-year, with core inflation standing at 1.8 percent and net inflation at 1.1 percent year-on-year in May 2013, the Slovak Statistics Office (ŠÚ) announced on Thursday, June 13.

Slovakia's inflation rate reached 1.7 percent year-on-year, with core inflation standing at 1.8 percent and net inflation at 1.1 percent year-on-year in May 2013, the Slovak Statistics Office (ŠÚ) announced on Thursday, June 13.

Overall inflation was influenced by core inflation by 0.1 percentage points on a monthly basis. Conversely, regulated prices and indirect taxes had no impact on inflation in May. Food prices had an effect of 0.14 percentage points and net inflation influenced overall inflation by -0.04 percentage points, the ŠÚ said.

Consumer prices in Slovakia went up by 1.7 percent year-on-year in May, with a 0.1-percent hike on a monthly basis. Prices grew in education (7 percent year-on-year); in food and non-alcoholic beverages (4.4 percent); in miscellaneous goods and services (3.2 percent); in hotels, cafes and restaurants (2.8 percent); in alcoholic beverages and tobacco (2.3 percent); in recreation and culture (2 percent); in health care (1.6 percent); in postal services and telecommunications (0.7 percent); in clothing and footwear (0.5 percent); in accommodation, water, electricity, gas and other fuels (0.4 percent); and in furniture, household equipment and ordinary household maintenance (0.3 percent). Conversely, consumer prices shrank in transport (by 1.6 percent year-on-year), the TASR newswire reported, citing the ŠÚ.

When month-on-month developments are considered, prices went up in food and non-alcoholic beverages (0.7 percent); in clothing and footwear (0.5 percent); and in alcoholic beverages and tobacco, in health care, and in hotels, cafes and restaurants (all 0.1 percent). The figures were down on a monthly basis in postal services and telecommunications (0.5 percent); in transport (0.4 percent) and in miscellaneous goods and services (0.3 percent). Prices in the sectors of accommodation, water, electricity, gas and other fuels; in furniture, household equipment and ordinary household maintenance; in recreation and culture; and in education all remained unchanged when compared to April.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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