Slovakia Inflation December 2015


Slovakia: Consumer prices drop at fastest pace in 10 months in December

January 15, 2016

In December, consumer prices dropped 0.3% over the previous month, following the flat reading tallied in November. December’s reading mainly reflected lower prices for transport, food and non-alcoholic beverages as well as for alcoholic beverages and tobacco.

Consumer prices fell 0.2% annually in December. The print was below the flat reading tallied in November and marked a 10-month low. Meanwhile, the harmonized index of consumer prices declined 0.3% in monthly terms in December (November: 0.0% month-on-month). Annual harmonized consumer prices fell 0.5% in December, which was below November’s 0.4% decline.

The National Bank of Slovakia (NBS) expects harmonized inflation to be 0.7% on average in 2016, before accelerating to 1.7% in 2017. FocusEconomics Consensus Forecast participants expect harmonized inflation to be 0.9% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects HICP inflation to rise to 1.9%.

Author: Ricard Torné, Lead Economist

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Slovakia Inflation Chart

Slovakia Inflation December 2015

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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