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