Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Inflation at 0.6 percent

INFLATION reached 0.6 percent year-on-year in October, with core inflation also standing at 0.6 percent and net inflation at 0.4 percent, the Slovak Statistics Office announced on November 12 as reported by the TASR newswire.

INFLATION reached 0.6 percent year-on-year in October, with core inflation also standing at 0.6 percent and net inflation at 0.4 percent, the Slovak Statistics Office announced on November 12 as reported by the TASR newswire.

Overall inflation in October was brought down by core inflation by 0.02 percentage points month-on-month.

Meanwhile, regulated prices influenced total inflation by 0.02 percentage points, while indirect taxes had no impact on the overall figure. Food prices helped bring down core inflation by 0.08 percentage points, while net inflation raised core inflation by 0.06 percentage points.

Consumer prices went up by 0.6 percent on an annual basis in October, but no change was recorded when compared to September, TASR reported, quoting the data of the Slovak Statistics Office.

Year-on-year price hikes were recorded in education (5.7 percent), alcoholic beverages and tobacco (3 percent), food and non-alcoholic beverages (1.8 percent), hotels, cafes and restaurants (1.5 percent), recreation and culture (1.4 percent), clothing and footwear (0.9 percent), health care (0.5 percent), and accommodation, water, electricity, gas and other fuels (0.2 percent).

Conversely, prices fell on an annual basis in transport (2.3 percent), postal services and telecommunications (1 percent), miscellaneous goods and services (0.2 percent), and furniture, household equipment and ordinary household maintenance (0.1 percent).

Month-on-month increases were posted in clothing and footwear (1.5 percent), alcoholic beverages and tobacco (0.6 percent), health care (0.5 percent), recreation and culture, and miscellaneous goods and services (both 0.2 percent), and education and hotels, cafes and restaurants (both 0.1 percent).

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.