INSTANT VIEW-Slovak PPI above forecasts in July

...Statistics Office said on Tuesday. 
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KEY POINTS:   
PRODUCER PRICES              JULY 07    JULY 07 FORECASTS 
pct change month/month        +0.5           +0.2 
pct change year/year          +1.3           +1.0 
   
  (Full table of July PPI data ........ [ID:nPRG000470])   
   
 - July annual producer price inflation rate matches the 8-1/2 
year low seen in June and May. 
 - Among the three PPI categories, prices of industrial products 
rise by 0.5 percent on the month in July, after a 0.3 percent 
rise in June. 
 - Prices of electricity, gas, steam and hot water are up 0.5 
percent month-on-month, after a 0.2 percent rise in June 
 - Prices of raw materials rise by 0.1 percent in July, after a 
1.3 percent increase in June. 
 - Within industrial products, refinery goods prices accelerate 
by 1.5 percent month-on-month, after a 1.8 percent rise in June. 
 - Prices of metals and metal products rise by 2.4 percent on 
the month, after 0.2 percent increase in June. 
    
   BACKGROUND  
 - Slovak producer price inflation slowed at the beginning of 
2007 after the impact of last year's jump of energy prices 
faded. 
 - Slowing PPI has coincided with falling consumer inflation 
rate this year. 
 - Slovakia needs to keep consumer price inflation down to 
fulfil its goal of adopting the euro in 2009.  
 - The central bank will hold its monthly monetary policy 
meeting later on Tuesday, and the market widely expects the 
monetary body to keep the main two-week repo rate flat at 4.25 
percent for the fourth consecutive month. 
     
    LINKS:  
 - For further details on June producer prices, Reuters 3000 
Xtra users can click on the statistics office's website: 
http://www.statistics.sk/webdata/english/index2_a.htm   
- For LIVE Slovak economic data releases, click on...... 
- Schedule of upcoming indicator releases............ 
- Summary of short-term economic data forecasts...... 
- Stories on Slovak currency moves........................[SKK/] 
- Slovak speed money guide .............................. 
- Slovak benchmark state bond prices ................. 
- Slovak forward money market rates .................... 
 
 

[BRATISLAVA/Reuters/Finance.cz]