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Slovak EU-harmonized February annual inflation slows to 2%

Slovakia's annual inflation rate fell to 2% in February from 2.2% in the previous month, according to the European Union's methodology.

The monthly harmonized inflation rate was 0.1% in February compared with 0.5% in January, the Slovak Statistics Office said today in an e-mailed statement. The decline in harmonized inflation this year has been bigger than in the national measure, which is calculated using a different basket of goods and services, putting more weight on costs of running a household. The office reported on March 13 the national inflation rate fell to 2.7% in February from 3% in the previous month. The central bank estimates harmonized inflation will further fall to 1.5% by December and helping the Eastern European nation to probably adopt the euro in 2009 as planned. (Bloomberg)