Prices starting to rise

Today, 16 August, the Slovak Stastistical Office reported that the growth in the prices of goods and services in Slovakia measured according to EU methodology were up slightly from 0.7% year-on-year in June to 1% in July. Although only slight, this is still the fastest growth pace seen since the summer of 2009.

In July prices were up 0.1% month-on-month. The highest increases in July were in alcohol and tobacco (up 7.7%), followed by education (4.5%) and healthcare (4.2%), while furniture prices were down 3.5% year-on-year.

Inflation was up 0.1% month-on-month according to national methodology, from 1% year-on-year in June to 1.1% in July.

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