Slovakia Inflation September 2016

Slovakia

Slovakia: Consumer prices fall for twenty-second consecutive month in September

In September, consumer prices edged up 0.1% over the previous month, which contrasted the 0.1% drop registered in August. September’s figure was mainly driven by higher prices for transport and education, according to the Statistical Office of the Slovak Republic (SOSR).

In annual terms, consumer prices declined 0.5% in September, which followed August’s 0.8% fall. Meanwhile, the harmonized index of consumer prices was flat in monthly terms in September (August: -0.1% month-on-month). Harmonized consumer prices fell 0.5% annually, following August’s 0.8% decline.

The National Bank of Slovakia (NBS) expects harmonized consumer prices to fall 0.5% in 2016 and to increase 1.1% in 2017. FocusEconomics Consensus Forecast participants expect harmonized consumer prices to decline 0.2% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects HICP inflation to come in at 1.3%, which is also unchanged from last month’s forecast.


Author:, Economist

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Slovakia Inflation September 2016

Note: Month-on-month and year-on-year variation of consumer prices in %.
Source: Statistical Office of the Slovak Republic (SOSR)


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