Slovakia: Consumer prices register record annual fall in July
August 18, 2016
In July, consumer prices plunged 0.4% over the previous month, which contrasted the 0.1% rise tallied in June. July’s figure was mainly driven by lower prices for gasoline and food.
In annual terms, consumer prices declined a record 0.9% in July, which followed June’s 0.8% fall. Meanwhile, the harmonized index of consumer prices decreased 0.4% month-on-month in July (June: +0.1% month-on-month). Harmonized consumer prices fell 0.9% annually in July, which was also a record drop and below June’s 0.7% decline.
Author: Luis Lopez Vivas, Economist