Stats Office: Consumer prices up 1.6 percent in June

Inflation reached 1.6 percent year-on-year in June, with core inflation at 1.7 percent and net inflation at 1 percent, the Slovak Statistics Office (ŠÚ) announced on Monday, July 15.

Inflation reached 1.6 percent year-on-year in June, with core inflation at 1.7 percent and net inflation at 1 percent, the Slovak Statistics Office (ŠÚ) announced on Monday, July 15.

Overall inflation in June was influenced by core inflation by 0.13 percentage points on a monthly basis, with regulated prices and indirect taxes having no impact on the overall figure. Net inflation was influenced by food prices by 0.17 percentage points and net inflation had a negative effect on core inflation of 0.04 percentage points, the TASR newswire reported, quoting the ŠÚ.

In annual terms, price hikes were recorded in education (7.1 percent); in food and non-alcoholic beverages (4.4 percent); in alcoholic beverages and tobacco (3.4 percent); in hotels, cafes and restaurants (2.6 percent); in recreation and culture (2.2 percent); in health care (2.1 percent); in clothing and footwear (1.1 percent); in postal services and telecommunications (0.6 percent); in accommodation, water, electricity, gas and other fuels (0.4 percent); in furniture, household equipment and ordinary household maintenance (0.3 percent); and in miscellaneous goods and services (0.2 percent). Conversely, annual drops were posted for the transport sector (1 percent).

As for monthly developments, consumer prices in June grew by 0.1 percent compared to May. Prices were up on a monthly basis in education (1.8 percent); in food and non-alcoholic beverages (1.1 percent); in clothing and footwear (0.7 percent); in alcoholic beverages and tobacco (0.6 percent); in recreation and culture (0.3 percent); in health care; and in hotels, cafes and restaurants (both 0.1 percent).

Prices were down on a monthly basis in miscellaneous goods and services (2.5 percent); in furniture, household equipment and ordinary household maintenance; and in postal services and telecommunications (both 0.1 percent). Prices stayed put at the levels recorded in May in the category of accommodation, water, electricity, gas and other fuels.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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