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Annual inflation down

THE YEAR-on-year inflation dropped by 0.1 percent in December 2014, while the core inflation increased by 0.2 percent and net inflation by 0.4 percent, the Statistics Office (ŠÚ) informed on January 14.

THE YEAR-on-year inflation dropped by 0.1 percent in December 2014, while the core inflation increased by 0.2 percent and net inflation by 0.4 percent, the Statistics Office (ŠÚ) informed on January 14.

In monthly terms, the core inflation affected the total inflation by -0.21 percentage points, regulated prices by -0.04 percent and indirect taxes did not have an impact on total inflation. Food prices did not affect the core inflation and net inflation impacted the core inflation by -0.21 percentage points, the ŠÚ data suggest.

Regarding the consumer prices, in December 2014 they dropped by 0.3 percent month-on-month in total. Prices dropped in transport by 1.9 percent; alcoholic beverages and tobacco by 0.6 percent; clothing and footwear by 0.5 percent; and food and non-alcoholic beverages, hotels, cafés and restaurants, miscellaneous goods and services by 0.2 percent each. On the other hand, the prices rose in furnishings, household equipment and routine maintenance of the house by 0.2 percent; recreation and culture, and education by 0.1 percent each. Prices of housing, water, electricity, gas and other fuels; health; and postal and telecommunication services remained on November levels.

In annual terms, the consumer prices fell by 0.1 percent in total. Prices of transport dropped by 4.8 percent; food and non-alcoholic beverages by 0.5 percent, postal and telecommunication services, and housing, water, electricity, gas and other fuels equally by 0.4 percent. They increased in education by 2.8 percent; furnishings, household equipment and routine maintenance of the house by 1.7 percent; miscellaneous goods and services by 1.4 percent; clothing and footwear by 1.2 percent; alcoholic beverages and tobacco, and hotels, cafés and restaurants by 1.1 percent each; recreation and culture by 0.9 percent; and health by 0.5 percent.

On average, in 2014 the consumer prices fell by 0.1 percent y/y in total, the ŠÚ informed.

Source: Statistics Office website

Compiled by Radka Minarechová from press reports

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

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