Slovakia: Consumer prices register record annual fall in August
September 14, 2016
In August, consumer prices fell 0.1% over the previous month, which followed the 0.4% drop registered in July. August’s figure was mainly driven by lower prices for food and transport, according to the Statistical Office of the Slovak Republic (SOSR).
In annual terms, consumer prices declined 0.8% in August, which followed July’s record 0.9% fall. Meanwhile, the harmonized index of consumer prices decreased 0.1% month-on-month in August (July: -0.4% month-on-month). Harmonized consumer prices fell 0.8% annually, following July’s 0.9% decline.
Author: Luis Lopez Vivas, Economist