Slovakia’s EU-harmonised annual inflation slows to 0.7% in October 2013

By bne IntelliNews November 15, 2013

Slovakia’s EU-harmonised annual inflation eased to 0.7% in October 2013 from 1.1% the month before, data from the statistics office showed.

The monthly inflation rate, measured by the harmonised index of consumer prices (HICP), remained unchanged at 0.0% for the second straight month in October. The average annual inflation rate, measured by the change in average annual HICP for the last 12 months in comparison with the average for the preceding 12 months, eased to 2.0% in October from 2.2% in the previous month.

The EU-harmonised inflation has a different composition of the consumer basket compared to the headline inflation, which stood at 0.6% y/y and 0.0% m/m in October.

EU-harmonised consumer prices Oct-13, m/m change Sep-13, m/m change Oct-13, y/y change Sep-13, y/y change
Consumer prices, total 0.0% 0.0% 0.7% 1.1%
Food and non-alcoholic beverages -0.4% -0.4% 1.9% 3.2%
Alcoholic beverages and tobacco 0.6% -0.2% 3.0% 3.7%
Clothing and footwear 1.5% 0.3% 0.9% 0.7%
Housing, water, electricity, gas and other fuels 0.0% 0.0% 0.3% 0.3%
Furnishings, household equipment and routine -0.1% -0.2% -0.1% -0.2%
Health 0.6% -0.1% 0.6% 0.9%
Transport -0.9% 0.2% -2.2% -1.5%
Post and telecoms 0.0% 0.0% -1.0% -1.0%
Recreation and culture 0.1% -0.4% 1.3% 1.4%
Education 0.1% 2.4% 5.6% 5.9%
Hotels, cafes and restaurants 0.1% 0.1% 1.5% 1.8%
Miscellaneous goods and services 0.2% 0.3% -0.1% -0.1%
Source: Statistical Office of the Slovak Republic        
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