Slovakia Inflation Rate at Near 2-year Low in November
Photo by Zerbor / Shutterstock.com
Slovakia's annual inflation rate eased for the ninth consecutive month to 6.2% in November, down from an annual 7.1% in the previous month, data from the Bratislava-based Slovak Statistical Office (SÚSR) showed on Thursday.
This was the lowest reading since December 2021, as prices softened mainly for food & non-alcoholic beverages (7.8% vs 9% in October), housing & utilities (5.2% vs 5.8%), restaurant & hotels (10.1% vs 11.2%), and furnishings, household equipment & routine household maintenance (6.2% vs 7.4%).
Additionally, transport costs decreased by 0.2% (vs 1.4%), largely due to the continued reduction in fuel prices. On a monthly basis, consumer prices rose by 0.2% in November, matching market forecasts and the rate observed in October.
Conditions for New Home Renovation Grant Softened
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
