Slovak annual headline inflation eases further to 0.6% in October 2013

By bne IntelliNews November 12, 2013

Slovakia’s annual headline inflation eased for the 12th consecutive month in October 2013 reaching 0.6%, a level not seen since the beginning of 2010, data from the statistics office showed. In September the inflation stood at 1.0%. On a monthly basis, consumer prices stayed flat for the second month in a row in October.

Prices of housing, water, electricity, gas and other fuels, which have the strongest weight in the consumer basket, were also unchanged from September bringing down the annual growth of the component to 0.2% in October from 0.3% the month before. Prices of food and non-alcoholic beverages, which have the second strongest weight in the basket, fell 0.4% m/m for the second straight month in October helping ease the annual rise to 1.8% from 3.1%..

October’s annual core inflation eased to 0.6% from 1% in September.

For the first ten months of 2013, consumer prices increased by 1.6% y/y on average.

  Oct-13, m/m change Sep-13, m/m change Oct-13, y/y change Sep-13, y/y change Jan-Oct-13, y/y change
Consumer prices, total 0.0% 0.0% 0.6% 1.0% 1.6%
Food and non-alcoholic beverages -0.4% -0.4% 1.8% 3.1% 4.1%
Alcoholic beverages and tobacco 0.6% -0.2% 3.0% 3.7% 3.1%
Clothing and footwear 1.5% 0.3% 0.9% 0.7% 1.0%
Housing, water, electricity, gas and other fuels 0.0% -0.1% 0.2% 0.3% 0.4%
Furnishings, household equipment and routine maintenance of the house -0.1% -0.2% -0.1% -0.1% 0.3%
Health 0.5% -0.1% 0.5% 0.8% 2.3%
Transport -0.8% 0.2% -2.3% -1.7% -1.0%
Communication 0.0% 0.0% -1.0% -1.0% 0.4%
Recreation and culture 0.2% -0.4% 1.4% 1.5% 2.0%
Education 0.1% 2.4% 5.7% 5.9% 6.6%
Hotels, cafes and restaurants 0.1% 0.1% 1.5% 1.8% 2.5%
Miscellaneous goods and services 0.2% 0.2% -0.2% 0.0% 1.7%
Source: Statistical Office of the Slovak Republic          

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