Slovak inflation accelerates to 4.3 percent in April

BRATISLAVA, Slovakia: Slovak annual inflation accelerated slightly, reaching 4.3 percent in April, up from 4.2 percent in March, largely due to growth in food and soft drink prices, Slovak Statistical Office reported Tuesday.

Slovakia, one of the fastest growing countries in Europe became EU member in 2004 and has received the green light to adopt the euro in 2009 — although the EU has warned the Slovak government to keep a close watch on inflation.

The country went through a difficult transition from decades of communist rule which ended peacefully in 1989. It endured several years of isolation under autocratic Prime Minister Vladimir Meciar in the 1990s but then made rapid economic progress with pro-market reforms such as a flat income tax.

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