Slovakia: Inflation accelerates in May
June 7, 2017
In May, consumer prices rose 0.2% from the previous month, which followed April’s 0.1% increase. May’s figure was mainly driven by higher prices for food and non-alcoholic beverages and clothing and footwear, according to the Statistical Office of the Slovak Republic (SOSR).
In annual terms, inflation came in at 1.1% in May, which was above April’s 0.8% reading. Meanwhile, the harmonized index of consumer prices increased 0.3% in monthly terms in May (April: +0.1% month-on-month) and 1.1% annually (April: +0.8% year-on-year). In the 12 months up to May, HICP consumer prices have, on average, increased 0.1% (April: 0.0% yoy).
Author: Luis Lopez Vivas, Economist