Slovak c.bank says Sept inflation above its fcast

16.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Slovak EU-norm inflation, running at 1.7 percent year-on-year, was above the central bank's (NBS) forecast in September mainly due to a...

...sharper 
increase in food prices, the NBS said on Tuesday. 
    It said annual inflation could pick up further in October. 
    Rising food prices lifted annual Slovak EU-norm inflation 
from record lows of 1.2 percent in both July and August to 
September's 1.7 percent , according to data 
published earlier on Tuesday. 
    "The year-on-year inflation dynamics could accelerate 
slightly in October compared with September, mainly due to an 
expected acceleration of the price dynamics in services and 
foodstuffs, as well as an annual rise in prices of fuels," the 
central bank said in a statement. 
    The NBS did not reveal its September inflation prediction, 
nor did it comment on possible implications for monetary policy 
settings. 
 

[BRATISLAVA/Reuters/Finance.cz]

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