In February, consumer prices fell 0.1% over the previous month, which contrasted the 0.2% expansion tallied in January. Prices in four of the twelve categories that make up the index rose in February. The largest increases were seen in prices for clothing and footwear, housing, water, electricity and other fuels, as well as for routine maintenance of the house. The steepest decline was registered in prices for food and non-alcoholic beverages and for alcoholic beverages and tobacco. Consumer prices inched down 0.1% over the same month last year, which contrasted the flat reading tallied in January and marked the lowest level on record. Meanwhile, annual average HICP inflation-based on the harmonized index of consumer prices-edged down from 1.3% in January to 1.1% in February, the lowest level since January 2011. The Central Bank expects HICP inflation to average 1.5% in 2014. FocusEconomics Consensus Forecast participants expect HICP inflation to average 1.2% this year, which is down 0.2 percentage points compared to last month's forecast. In 2015, the panel expects HICP inflation to increase to 2.1%.
Consumer prices decline in February reaching record low
March 17, 2014
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Slovakia Inflation Chart
Note: Month-on-month and year-on-year variation of consumer price index in %.
Source: Statistical Office of the Slovak Republic (SOSR) and FocusEconomics calculations.
Slovakia Economic News
October 17, 2016
In September, consumer prices edged up 0.1% over the previous month, which contrasted the 0.1% drop registered in August.
October 11, 2016
In August, industrial production improved notably as it grew 17.5% from the same month last year, which was the highest rise since March 2008.
September 14, 2016
In August, consumer prices fell 0.1% over the previous month, which followed the 0.4% drop registered in July.
September 12, 2016
Industrial production dropped 14.3% annually in July, which contrasted the revised 2.3% expansion in June (previously reported: +2.2% year-on-year).
August 18, 2016
In July, consumer prices plunged 0.4% over the previous month, which contrasted the 0.1% rise tallied in June.