Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Deflation continued in March

CONSUMER prices continued to fall in March, when they dropped by 0.1 percent year-on-year. Core inflation stood at 0.2 percent in March and net inflation at 0.1 percent, the Statistics Office (ŠÚ) reported on its website.

CONSUMER prices continued to fall in March, when they dropped by 0.1 percent year-on-year. Core inflation stood at 0.2 percent in March and net inflation at 0.1 percent, the Statistics Office (ŠÚ) reported on its website.

The most notable year-on-year price drops were seen in the following areas: transport by 1.8 percent; postal and telecommunications services by 1.4 percent; housing, water, electricity, gas and other fuels by 1.1 percent; miscellaneous goods and services by 1 percent; and furnishings, household equipment and routine household maintenance by 0.7 percent, according to the ŠÚ.

Conversely, prices went up the most in education by 5 percent; alcoholic beverages and tobacco by 2.5 percent; hotels, cafés and restaurants by 1.4 percent; health care by 1 percent; clothing and footwear by 0.7 percent; foodstuffs and non-alcoholic beverages by 0.5 percent; and recreation and culture by 0.4 percent.

On a monthly basis, consumer prices as a whole stayed put. Prices rose in furnishings, household equipment and routine household maintenance by 0.4 percent; alcoholic beverages and tobacco by 0.3 percent; education by 0.2 percent; as well as in recreation and culture, hotels, cafés and restaurants, and miscellaneous goods and services, all by 0.1 percent each. They fell in the categories of transport by 0.4 percent, foodstuffs and non-alcoholic beverages by 0.3 percent and clothing and footwear by 0.1 percent.

The continued deflation was in line with the expectations of the National Bank of Slovakia (NBS), country’s central bank, the TASR newswire reported.

At the same time, the NBS indicated that it considers the likelihood of deflation at the end of this year to remain low, and it predicts that inflation will reach about 1 percent by that time.

Top stories

Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

Unemployment rate keeps decreasing

Positive development of Slovakia’s economy seen behind the decrease.

European Investment Bank supported Slovakia with €918 million in 2016

2016 was a successful year for the EIB Group in Slovakia, said EIB Vice-President Vazil Hudák.

Vazil Hudák

Slovak film won Crystal Bear at Berlinale

The film Little Harbour that won the Generation Kplus section – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear