Inflation Peaks at Five Year High
If you feel that life in Slovakia is getting more expensive, you are essentially right because Slovakia is posting the highest inflation growth it has seen in the past five years, reports HNonline.
The year-on-year inflation rate in October shot past the five year maximum, based on European Union methodology, with consumer prices rising by an average of 4.6% in the month.
This shows acceleration over the previous month as well, and so the figure is higher than analysts had forecast.
The latest data from the Statistical Office show how housing and energy costs were up 8.3% year-on-year, and food and soft drinks up by 5.8%, for instance.
Based on national methodology, the year-on-year inflation was on the level of 4.4%.