In June, consumer prices remained flat over the previous month, below the 0.3% increase observed in May. The reading mainly reflected lower food prices (-0.4% month-on-month), particularly for vegetables (-10.7% mom) due to the lower demand that resulted from the fears surrounding the outbreak of E.coli bacteria in Germany. As a result, annual headline inflation inched down from 4.0% in May to 3.9% in June, while annual average HICP inflation (based on the harmonized index of consumer prices) rose from 2.1% in May to 2.4% in June. That said, inflationary pressures are not likely to ease meaningfully going forward, as Slovak's Regulatory Office for Network Industries (uRSO, urad pre Regulaciu Siet'ov?ch Odvetvi), a public utility regulator, confirmed an average 6.9% hike in gas prices for households as of 20 July. Consequently, the increase in energy prices is expected to fuel inflation during the summer months. The Central Bank expects annual average HICP inflation to reach 4.1% this year before moderating to 3.3% in 2012.
Inflation inches down in June
July 12, 2011
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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.