Inflation hits three-year low

Food prices rose the least in the past few months.

(Source: Sme)

After the historic growth of consumer prices reported last year and at the beginning of this year, inflation has risen the least in the past three years in September.

The annual inflation rate accounted for 1.4 percent in total. Compared with the previous month, it did not change at all, as stems from the data published by the Statistics Office on October 14.

Related articleLower food prices contributed to slower inflation Read more 

“Inflation was kept at its August level more by the statistics effect,” Ľubomír Koršňák, analyst with UniCredit Bank Czech Republic and Slovakia, wrote in a memo.

September’s annual increase in the inflation rate was mainly impacted by the higher prices of miscellaneous goods and services (4.6 percent), restaurants and hotels (4.4 percent), and health care (3.7 percent). Food prices rose only 0.1 percent year-on-year.

On the other hand, prices dropped the most in annual terms in transport (6.4 percent).

Food continues dropping

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Get daily Slovak news directly to your inbox

Theme: Economics

Read more articles by the topic

Top stories

Threats have worked. People queued for COVID testing before the official start

The nationwide testing in Slovakia started with four districts in the north. Here is a report from the first day in Orava.

Bardejov

Day two of pilot testing in hardest-hit regions is off to a smoother start

PM Igor Matovič and Health Minister Marek Krajčí are helping the sampling teams, too.

Trstená, the Tvrdošín district

No test, no work. Employees will have to take paid or unpaid leave

Those who will be quarantined with a positive test result will be entitled to pandemic sick leave.

Illustrative stock photo

Autumn holidays change, art schools close too

The ministry will contribute to schools to buy computers and other equipment for distance learning.

Illustrative stock photo