Slovakia Inflation December 2020


Slovakia: Inflation accelerates in December

January 14, 2021

Consumer prices edged down 0.10% in December, contrasting November’s 0.10% rise and dropping for the first time since August. December’s downturn was chiefly driven by falling prices for food and non-alcoholic beverages as well as clothing and footwear.

Inflation ticked up to 1.6% in December, above November’s 1.5%. Meanwhile, annual average inflation dropped to 2.0% (November: 2.1%). Lastly, harmonized inflation remained steady at 1.6% for the third successive month in December.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.6% in 2021, which is unchanged from last month’s estimate, and 2.0% in 2022.


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Slovakia Inflation Chart

Slovakia Inflation December 20 20 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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