Inflation continues to slow

THE PACE of growth in consumer prices continues to slow as inflation stood at only 0.4 percent in December 2013, which is 0.13 percentage points less than in the previous month. Average inflation last year reached 1.4 percent, the Statistics Office informed on January 14.

THE PACE of growth in consumer prices continues to slow as inflation stood at only 0.4 percent in December 2013, which is 0.13 percentage points less than in the previous month. Average inflation last year reached 1.4 percent, the Statistics Office informed on January 14.

Core inflation stood at 0.4 percent, and net inflation at 0.3 percent in December 2013. In a quarter-on-quarter comparison consumer prices dropped by 0.2 percent.

In annual terms the prices of education went up by 5.7 percent; alcoholic beverages and tobacco by 2.4 percent; hotels, cafés and restaurants by 1.6 percent; clothing and footwear by 1.1 percent; recreation and culture by 0.9 percent; health by 0.5 percent; housing, water, electricity, gas and other fuels by 0.3 percent; and food and non-alcoholic beverages by 0.2 percent, the SITA newswire wrote.

On the other hand, when compared annually, prices in transport dropped by 1.2 percent; postal and telecommunication services by 1 percent; furnishing, household equipment and routine household maintenance by 0.7 percent; and miscellaneous goods and services by 0.2 percent, according to SITA.

In monthly terms prices decreased in food and non-alcoholic beverages (0.9 percent); furnishing, household equipment and routine household maintenance and health; recreation and culture (all 0.1 percent); while they went up in miscellaneous goods and services (0.2 percent) and transport (0.1 percent). The prices of alcoholic beverages and tobacco; housing, water, electricity, gas and other fuels; postal and telecommunication services; education, and hotels; cafés and restaurants remained at the same level as in November 2013, SITA wrote.

Source: Statistics Office, SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.