Slovakia Inflation


Inflation continues to slow in May

In May, consumer prices added 0.1% over the previous month, which was below the 0.3% increase recorded in April. The monthly reading mainly reflected rising prices for clothing and footwear, which were partially offset by lower transport costs. Annual headline inflation dropped from 3.6% in April to 3.4% in May, which represents its lowest level since February last year. Meanwhile, annual average HICP inflation (based on the harmonized index of consumer prices) inched down from 4.2% in April to 4.1% in May. The Central Bank expects annual average HICP inflation to reach 3.5% in 2012 before moderating to 1.7% in 2013.

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Slovakia Inflation Chart

Slovakia Inflation May 2012

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.

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