Growth in consumer prices slows to 1.6 percent

The speed at which prices rise in Slovakia is gradually decreasing, as evidenced by the Harmonised Index of Consumer Prices (HIPC) which dropped by 0.1 percentage points year-on-year to 1.6 percent in July 2013. This means that the average 12-month inflation was 2.6 percent in July, which is by 0.2 percentage points less that the last year’s average, the SITA newswire reported August 14 based on the data of the Slovak Statistics Office.

The speed at which prices rise in Slovakia is gradually decreasing, as evidenced by the Harmonised Index of Consumer Prices (HIPC) which dropped by 0.1 percentage points year-on-year to 1.6 percent in July 2013. This means that the average 12-month inflation was 2.6 percent in July, which is by 0.2 percentage points less that the last year’s average, the SITA newswire reported August 14 based on the data of the Slovak Statistics Office.

In monthly terms, the consumer prices dropped by 0.1 percent in July, which is the first fall reported this year, SITA reported.

Source: SITA

Compiled by Radka Minarechová from press reports

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