Annual inflation in March 2022 grew to 10.4 percent, the Statistics Office reported on Thursday. Following a slowdown in February, monthly inflation accelerated in March again, with prices going up 1.7 percent. Slovak households felt both monthly and yearly growth in prices in grocery stores, at petrol stations and on energy bills.
“When it comes to the issue of inflation, there's too much emotion in the discussion, bordering on panic, which narrows down the space for rational thinking”, stated Prime Minister Eduard Heger, adding that the focus should be on tackling essential challenges. According to Heger, national governments today have to address two key challenges. "I deliberately say governments because the rise in inflation is driven by global factors," he stressed.
Last week, Labour Minister Milan Krajniak (We Are Family) presented a proposal according to which state aid to people in need should reach approximately €133 million. The aid is to be divided among three groups of people: families in material need (€5.8 million), families with children (€101.7 million) and low-income individuals without children (€25.5 million).
Source: TASR
