Slovakian inflation hits four year low
11th June 2009
Infaltion in Slovakia fell to its lowest level since September 2005 in May.
The annualised rate fell to 2.2 percent from 2.3 percent in April, the country's Statistics Office reported.
Slowing economic growth and rising unemployment are having a negativbe impact on domestic consumption in the country, which switched to the euro at the start of this year.
The economy was the EU's fastest growing at the end of 2007. It is likely that it will shrink by a minimum of 3.5 percent this year, the Finance Ministry said. The unemployment rate hit a three-year high of 10.9 percent in April as falling sales prompted job cuts, Bloomberg reported.
.
"Inflation is still the same story," Juraj Valachy, an economist at Tatra Banka AS in Bratislava, told the news agency. "With the country slipping into a recession, the weaker consumer power prevents shops from raising prices."
To view the rest of this article - and thousands like it - become a Gold member today...
The page you are attempting to view is only available to Gold Members
Sorry, you cannot access the page requested as this is for Gold Members only but you can upgrade to our full Membership and gain entry to all our webpages, videos, downloads & products for as little as £11.99 per month or at our lowest price £99.99 for the year!
Just click here to Go Gold Today!
With brand new eBooks and spreadsheet software as well as existing downloadable favourites and full website roaming including video footage and our monthly Gold Members PDF Magazine - Gold Membership will also ensure you have first say on all our latest property investment opportunities with new deals sent exclusively to your inbox prior to website launch. This puts you in the driving seat and one step ahead as you aim to build your portfolio!
Add to that our latest incentive offers you a FREE monthly magazine - delivered to your doorstep direct!
Your Property Network Magazine - RRP £4.95 per issue will be delivered to your door once every four weeks for every month of your Property Secrets Gold Membership - 100% FREE OF CHARGE - No clause!!
So Join today and get full website access and all our fantastic offers - for more information or to subscribe now just click here
Here's what you will get!
- Ask an Expert Support - online access to all our experts, ask unlimited questions to our Mortgage Brokers, Tax Advisors, Currency Specialists, Overseas Agents and much more...
- Exclusive Deals - brand new property opportunities emailed directly to you as soon as they arrive - prior to website launch.
- PSonProperty - exclusive content from Alan Forsyth and the team on buying investment property in the UK & Overseas.
- Property Auction News - new listings and top hints from Peter Parfait's famous subscription only magazine Property Auction News.
- Videos - exclusive viewing including partner videos and live feeds with access to eight Property Secrets tv channels.
- Downloads - full spreadsheet software including buy to let calculators, property indexes, mortgage calculators and more...
- Gold Magazine - our monthly newsletter highlights news articles, up coming events, latest deals and exclusive offers to all our full members.
- Expert written eBooks & Guides - worth well over £250 - these fully downloadable eBooks cover a wide range of subjects from property renovation & auction property to buy to let strategy and buying overseas.
- Free YPN subscription - A hard copy of Your Property Network Magazine delivered to your doorstep every four weeks of your Gold Membership.
All the above and much more - bringing you more than ever before for your Gold Membership!!
Just click here for our various membership offers including monthly, quarterly, semiannually and yearly products!
