Slovakia: Consumer prices drop into the negative territory in January
February 13, 2015
In January, consumer prices fell 0.1% over the previous month, which came in above the 0.3% decline tallied in December. January’s reading mainly reflected lower prices for transport, as well as for clothing and footwear, and housing. Conversely, food and non-alcoholic beverages, as along with alcoholic beverages and tobacco recorded higher prices than in the previous month.
Consumer prices declined 0.2% in January compared to the same month of last year, which contrasted the 0.2% increase observed in December and marked the lowest reading since December 2009. Meanwhile, the harmonized index of consumer prices fell 0.28% in monthly terms in December, the last month for which data is available.
Author: Cecilia Simkievich, Economist