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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