Slovakia: August CPI Inflation |
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CPI inflation accelerated in August due to imputed rents - Consumer inflation accelerated in August to 5.0% y/y (up from 4.8% in July), exceeding our and market expectations. We assumed that the headline inflation could decline for the first time in a year to 4.7% y/y (this view was also shared by the market). However, a sharp increase in imputed rents kept inflation on its upward path. As expected, food prices declined thanks to summer season, as new crop is making its way into shops
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