...the Slovak Statistics Office said on Friday. **************************************************************** KEY POINTS: SLOVAK EU-NORM INFLATION NOV 07 NOV 07 FORECAST pct change mo/mo +0.4 +0.3 pct change yr/yr +2.3 +2.2 (Details of Oct inflation data .............[ID:nBSD000014]) - Food and non-alcoholic beverages, which have a strong weighting in the consumer price basket, rose by 1.2 percent month-on-month, after a 2.9 percent rise in October. - Housing, water, electricity, gas and other fuel prices, which pushed inflation up last year, rise by 0.1 percent in November, after being flat in October. - Transportation prices rise by 0.3 percent month-on-month, after a 0.1 percent rise in October. - Annual price growth in the housing category, which has the strongest weighting in the basket, is 0.7 percent in November. - Food and non-alcoholic beverages is up 6.7 percent on the year. BACKGROUND: - The central bank (NBS) follows inflation calculated by the EU methodology as a part of Slovakia's plan to adopt the euro in 2009. - Prices under the local methodology rose 0.5 percent on the month in November, putting the annual rate at 3.1 percent. - Slovakia aims to meet all criteria for euro adoption in 2008. The central bank predicts the EU-norm inflation rate of 1.6 percent at the end of 2007. - The central bank left its key two-week repo rate at 4.25 percent in November, for the seventh month in a row, saying monetary conditions remain restrictive enough.. LINKS: - For further details on November inflation and other past data, Reuters 3000 Xtra users can click on the Slovak Statistics Office's website: http://wwww.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 .................... (Reporting by Peter Laca and Martin Santa) Keywords: SLOVAKIA INFLATION/
[BRATISLAVA/Reuters/Finance.cz]