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CEE falling inflation trend comes to an end
3 days ago
Slovenia's volume turnover in retail trade went up 0.5% m/m and 4.8% y/y in June, the Slovenian Statistical Office announced on July 31.
After in 2017 retail trade recorded growth of 8.2%, it will likely maintain the upward trend that began in 2015 mainly thanks to higher employment and salaries.
According to the statistical office, the increase in June against May was due to higher turnover in specialised stores with motor fuels (by 4.1%), as turnover in retail trade except automotive fuel decreased (by 0.2%). The fall in turnover in retail trade except automotive fuel was due to lower sales of food, which fell by 0.7% compared to May.
Meanwhile, in June against June 2017, the largest increase was recorded also in specialised stores with motor fuels (by 18.3%). Turnover also increased in retail trade with non-food (by 5.0%), while in retail trade with food it decreased (by 5.6%), statistical office reported.
In the first half of this year, volume turnover in retail trade increased by 1.2% over the same period of the previous year. In this period the sale of automotive fuel increased by 4.6%, while the sale in retail trade except automotive fuel decreased by 0.3%. In the same comparison the sale of food was down by 4.9% and the sale of non-food up by 4.1%, the statistical office announced on July 30.
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Data
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
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Czech inflation stagnated at 2% in March
Consumer price indices (inflation) in Czechia remained at 2% in March, the same year-on-year growth as in February, which is the lowest inflation rate since December 2018.
Ukraine records lowest inflation in over three years
Ukraine's inflation rate dropped to its lowest level in more than three years in March 2024, marking a significant slowdown in consumer price growth, according to data released by the State Statistics Service.
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