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Slovakia Inflation Accelerates In March

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Slovakia’s consumer price inflation accelerated in March, figures from the Statistical Office of the Slovak Republic showed on Thursday.

The consumer price index rose 10.4 percent year-on-year in March, following a 9.0 percent rise in February. Economists had expected a rate of 10.3 percent.

Prices for food, housing and energy, post and telecommunications, recreation and culture, alcoholic beverages and tobacco, restaurants and hotels, and health care increased in March.

On a monthly basis, consumer prices rose 1.7 percent in March, following a 0.9 percent gain in the previous month. Economists had forecast a rate of 1.6 percent.

The core inflation rose to 9.5 percent in March from 7.9 percent in February. This was in line with initial estimate.

On a month-on-month basis, the core CPI rose 1.7 percent in March, following a 1.0 percent increase in the prior month. Economists had forecast a 2.0 percent rise.

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