Slovakia: Inflation accelerates in June
July 18, 2018
Consumer prices increased 0.1% month-on-month in June, up from the flat reading logged in May. According to data released by the Statistical Office of the Slovak Republic (SOSR), the strongest increases in prices were recorded for food and non-alcoholic beverages, alcoholic beverages and tobacco, and transport. Price increases were, however, partly offset by lower prices for communications and education. Inflation, meanwhile, rose from 2.6% in May to 2.8% in June.
The harmonized index of consumer prices also increased 0.1% month-on-month in June, up from May’s flat reading. Harmonized inflation rose to 2.9% in June from 2.7% in May. Annual average harmonized inflation inched up from 2.1% in May to 2.2% in June, which represented the highest level in over four and a half years.
Slovakia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2018, which is up 0.2 percentage points from last month’s estimate, and 2.1% in 2019.