Slovak annual headline inflation eases further to 0.5% in November 2013

By bne IntelliNews December 13, 2013

Slovakia’s annual headline inflation eased for the 13th consecutive month in November 2013 reaching 0.5%, a level not seen since the beginning of 2010, data from the statistics office showed. In October the inflation stood at 0.6%. On a monthly basis, consumer prices edged down 0.1% in November after staying flat in the previous two months.

Prices of housing, water, electricity, gas and other fuels, which have the strongest weight in the consumer basket, edged up 0.1% bringing up the annual growth of the component to 0.3% in November from 0.2% the month before. Prices of food and non-alcoholic beverages, which have the second strongest weight in the basket, fell 0.5% m/m for in November helping ease the annual rise to 1.1% from 1.8%.

November’s annual core inflation eased to 0.4% from 0.6% in October.

For the first eleven months of 2013, consumer prices increased by 1.5% y/y on average.

  Nov-13, m/m change Oct-13, m/m change Nov-13, y/y change Oct-13, y/y change Jan-Nov-13, y/y change
Consumer prices, total -0.1% 0.0% 0.5% 0.6% 1.5%
Food and non-alcoholic beverages -0.5% -0.4% 1.1% 1.8% 3.8%
Alcoholic beverages and tobacco -0.3% 0.6% 2.1% 3.0% 3.0%
Clothing and footwear 0.3% 1.5% 0.9% 0.9% 1.0%
Housing, water, electricity, gas and other fuels 0.1% 0.0% 0.3% 0.2% 0.4%
Furnishings, household equipment and routine maintenance of the house -0.3% -0.1% -0.5% -0.1% 0.2%
Health 0.2% 0.5% 0.6% 0.5% 2.1%
Transport -0.7% -0.8% -2.0% -2.3% -1.1%
Communication 0.0% 0.0% -1.0% -1.0% 0.3%
Recreation and culture -0.1% 0.2% 1.0% 1.4% 1.9%
Education 0.0% 0.1% 5.7% 5.7% 6.5%
Hotels, cafes and restaurants 0.2% 0.1% 1.7% 1.5% 2.5%
Miscellaneous goods and services 0.0% 0.2% -0.5% -0.2% 1.5%
Source: Statistical Office of the Slovak Republic          
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