Slovakia Inflation


Slovakia: Consumer prices hit an over-five-year low in February

March 17, 2015

In February, consumer prices fell 0.2% over the previous month, which came in just below the 0.1% drop tallied in January. February’s reading mainly reflected lower prices for transport, as well as for food and beverages and for clothing and footwear. Conversely, prices for healthcare and housing equipment were higher than in the previous month.

Consumer prices declined 0.3% in February compared to the same month of last year, which was down from the 0.2% decrease registered in January and marked an over-five-year low. Meanwhile, the harmonized index of consumer prices fell 0.18% in monthly terms in February, which was slightly down from January’s 0.12% fall. Annual harmonized consumer prices fell 0.6%, which followed the 0.5% decrease tallied in the previous month.

The National Bank of Slovakia (NBS) expects inflation to average 0.5% in 2015 and 1.8% in 2016. FocusEconomics Consensus Forecast participants expect HICP inflation to average 0.7% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, the panel expects HICP inflation to increase to 1.8%.

Author:, Economist

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Slovakia Inflation Chart

Slovakia Inflation February 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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