Inflation hits record levels in Slovakia


In Slovakia, the annual inflation rate was the highest in 22 years. This is evidenced by the data of the Statistical Office of the Republic.

“Inflation in Slovakia reached its highest annualized rate since 2000 – 13.6%. The biggest impact on this was the price of food and non-alcoholic beverages, for which, along with the cost of housing and electricity, residents of the republic spend the most money. In particular, compared to the same period last year, food prices rose by an average of 19.9%, while meat, bread, cheese, eggs and flour rose in price by almost a third, and vegetable oil and fats by about fifty%”, — noted in the message.

In addition, in the housing and electricity category, prices increased by 16.1% compared to July 2021. At about the same level, building materials also rose in price. At the same time, on a monthly basis, the inflation rate in July was 0.8% compared to June, which is the lowest indicator in 2022.

Recall that Bratislava supports the sanctions imposed by the EU against Russia. At the same time, the country is completely dependent on the supply of Russian energy resources. A significant part of local politicians criticize the actions of the government of the republic, noting that the sanctions harm Slovakia more than Russia.

Be the first to read breaking news on Today’s latest news, and live news updates, read the most reliable English news website

Leave a Reply