Prediction of Slovak inflation rate

Predictions of Slovak inflation rate

The predictions of Slovak inflation rate for next two years have been increased by Slovak national bank. Former predictions have been increased by 0.7 % to 3.9 % for 2009 and 3.4 % in 2010 (for current year has been the prediction changed from 2.8 % to 4 %).

There are two main risks that these predictions will not be filled. First is the increase of price of food and increase in price of wages (driven by crude oil and euro introduction).

However most of analysts are optimists and expect that the predictions are too pesimistc and inflation rate should be a little bit lover. Euro should support whole Slovak business and we can expect another nice gains from Slovak business.