Slovakia: Consumer prices record second consecutive year-on-year drop in March
April 17, 2015
In March, consumer prices grew 0.1% over the previous month, rebounding from the 0.2% drop tallied in February and marking a five-month high. March’s reading mainly reflected higher prices for transport, as well as for furnishings, household equipment and routine household maintenance as well as food and non-alcoholic beverages.
Consumer prices declined 0.1% in March compared to the same month of last year, inching up from the 0.3% decrease registered in February, which had marked an over-five-year low. Meanwhile, the harmonized index of consumer prices fell 0.18% in monthly terms in February, which is the last month of which data are available. The reading 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.
Author: Eric Denis , Economist