BRATISLAVA, March 28, (WEBNOVINY) — The growth rate of prices in industry in Slovakia further accelerated in the second month of the year. After the January y/y acceleration of 4.5 percent, in February the price growth speeded up to 5.7 percent. Industrial producer prices for the domestic market went up 3.4 percent in the second month, which was an acceleration from 1.8 percent in the previous month. In January, local industrial prices resumed y/y growth after twenty months of declining.
Behind the 3.4 percent y/y growth of local industrial prices were higher prices of water supply, wastewater treatment, waste management and services by 7.7 percent, prices of mining and quarrying flaring up 7.2 percent, and prices of electricity, gas, steam and cooled air supplies that swelled 2 percent.
Export prices in February were 7.5 percent higher than a year ago. Prices of mining and quarrying saw an increase of 13.8 percent, industrial manufacturing of 7.8 percent, while the supplies of electricity, natural gas, steam and cooled air saw a decline of 2.1 percent.
Month-on-month in the second month, industrial producer prices for the domestic market dropped by 0.1 percent. Prices of mining and quarrying rose 0.4 percent, prices of water supply, wastewater treatment, waste management and services 1.4 percent, and industrial manufacturing 1 percent. On the contrary, prices in the supply of electricity, gas, steam and cooled air declined by 1.7 percent.
On average over the past year in comparison with 2009, prices dropped for the domestic market by 2.8 percent, as the result of lower prices in electricity, gas, steam and cooled air by 6.7 percent. Prices increased of water supply, wastewater treatment, waste management and services by 6.2 percent and prices of mining and quarrying by 1.1 percent. Overall, industrial producer prices in 2010 grew by 0.2 percent from a year ago.
SITA
