Slovakia Inflation December 2018

Slovakia

Slovakia: Harmonized inflation falls to 14-month low in December

January 15, 2019

Consumer prices dropped 0.1% month-on-month in December, matching November’s reading. According to data released by the Statistical Office of the Slovak Republic (SOSR), the transport sub-component registered the sharpest losses, followed by clothing, and alcoholic beverages and tobacco. Meanwhile, prices for housing, water, electricity, gas and other fuels, increased mildly in December. In addition, the harmonized index for consumer prices declined 0.1% month-on-month, matching November’s turnout.

December’s harmonized inflation ticked down to 1.9%, logging the lowest reading in over a year (November: +2.0% year-on-year). Meanwhile, annual average harmonized inflation remained unchanged from November’s result at a five-year high of 2.5%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2019, which is unchanged from last month’s estimate, and 2.4% in 2020.


Author:, Economist

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Slovakia Inflation December 2018 0

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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