Slovakia inflation climbs further in May

Figures

Photo by Zerbor / Shutterstock.com

Slovakia's consumer price inflation accelerated further in May to reach its highest level in nearly twenty-two years, mainly driven by higher prices of food, fuel and energy, figures from the Slovak Statistical Office (SÚSR) showed on Tuesday.

The consumer price index (CPI) climbed 12.6% year-on-year in May, following an 11.8% rise in April.

Inflation increased for the sixteenth consecutive month, reaching its highest rate since June 2000, the Bratislava-based agency said.

Food prices alone surged 16.6% in May compared to last year, and housing costs rose 15.6%. Transport costs also logged a double-digit growth of 20.9% amid soaring fuel prices.

Additional upward pressure came from clothing and footwear (3.5%); furnishings and household equipment (9.9%), health (4.2%); communication (5.2%); and miscellaneous goods and services (8.4%).

On a monthly basis, consumer prices rose 1.6% in May, just above the 1.5% gain in the prior month.

Moody's Affirms Budapest's 'Baa3' Rating Ratings

Moody's Affirms Budapest's 'Baa3' Rating

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Job Fair and Career Prep at Corvinus Starts Tomorrow HR

Job Fair and Career Prep at Corvinus Starts Tomorrow

Spago Budapest Offering Unique Sunday Brunch Experience Food

Spago Budapest Offering Unique Sunday Brunch Experience

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.