Analyst: Inflation to continue growing in July
2011-06-22 12:35:38
The pace of inflation growth accelerated in May 2011, to 11% year-on-year, and it will continue to increase in July 2011, Erste Bank analyst Marian Zablotsky has said.
Nevertheless, he said that the pace of inflation growth was expected to decline to 10% at the end of 2011.
"Inflation was mainly triggered by prices for food and energy resources, while the core consumer price index, which is more dependent on non-food products, grew at a slower pace. Despite the reduction in excise duties on petrol, the price of transport services rapidly increased, which influenced a wide range of products," Zablotsky said.