Slovakia Inflation Accelerates Further in October

Figures

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Slovakia's consumer price inflation accelerated further in October to reach its highest level in more than two decades, as prices of the majority of commodities increased sharply, figures from the Slovak Statistical Office (SÚSR) showed on Monday.

The consumer price index (CPI) climbed 14.9% year-on-year in October, faster than the 14.2% rise in September.

Consumer prices increased by double digits for the eighth month in a row, and the latest inflation rate was the highest since the start of the millennium, the Bratislava-based statistics agency said.

Prices for food and non-alcoholic beverages alone surged 26.1% annually in October and transport costs rose notably by 13.6%.

Utility costs increased by 16.4%. On a monthly basis, consumer prices increased 1.2% in October, following a 0.9% gain in the prior month. 

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