Slovakias EU-harmonised monthly inflation speeds to 0.7% in January.

By bne IntelliNews March 1, 2013
Slovakias EU-harmonised monthly inflation increased to 0.7% in January compared to a 0.1% deflation in the previous month, data from the statistics office showed. The annual inflation rate, measured by the harmonised index of consumer prices (HICP), dropped 2.5% in January from 3.4% in December. 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 3.6% in January from 3.7% in the previous month. The monthly inflation for January was influenced mainly by an increase in the costs of food and non alcoholic beverages (positive contribution of 0.39pps), followed by housing, water, electricity, gas and other fuels (+0.15pps), the statistics office said. The EU-harmonised inflation has a different composition of the consumer basket compared to the headline inflation, which reached 2.4% y/y and 0.6% m/m in January.
Jan-12, m/m change Dec-12, m/m change Jan-12, y/y change Dec-12, y/y change
Consumer prices, total 0.7% -0.1% 2.5% 3.4%
Food and non-alcoholic beverages 2.2% 0.1% 6.0% 5.7%
Alcoholic beverages and tobacco 0.6% -0.2% 4.0% 4.3%
Clothing and footwear -1.5% -0.2% 1.2% 1.8%
Housing, water, electricity, gas and other fuels 0.7% 0.0% -0.3% 3.2%
Furnishings, household equipment and routine 0.4% 0.0% 0.5% 0.6%
Health -0.3% 0.0% 5.0% 5.7%
Transport 0.2% -0.7% 0.8% 1.3%
Post and telecoms 0.4% 0.0% 1.3% 0.8%
Recreation and culture 0.4% 0.0% 2.2% 2.8%
Education 0.4% 0.0% 6.3% 6.0%
Hotels, cafes and restaurants 0.2% 0.1% 3.1% 3.2%
Miscellaneous goods and services 1.0% 0.0% 3.9% 3.6%
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