Slovakia: Consumer prices fall for twenty-third consecutive month in October
November 16, 2016
In October, consumer prices in Slovakia edged up 0.2% from the previous month, which followed the 0.1% increase registered in September. October’s figure was mainly driven by higher prices for clothing, food and miscellaneous goods, according to the Statistical Office of the Slovak Republic (SOSR).
In annual terms, consumer prices declined 0.3% in October, which followed September’s 0.5% fall. Consumer prices have been falling on an annual basis uninterruptedly since December 2014. Meanwhile, the harmonized index of consumer prices rose 0.3% in monthly terms in October (September: 0.0% month-on-month). Harmonized consumer prices fell 0.3% annually, following September’s 0.5% decline. In the 12 months up to October, HICP consumer prices have fallen, on average, 0.6%.
Author: Luis Lopez Vivas, Economist