Slovakia Inflation July 2021

Slovakia

Slovakia: Inflation comes in at highest level since November 2012 in July

August 13, 2021

Consumer prices increased 0.50% over the previous month in July, below the 0.60% rise logged in June. July's result marked the softest rise in prices since April. The slowdown was primarily due to a more moderate increase in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities as well as health moderated.

Inflation came in at 3.3% in July, up from June’s 2.9%. July's reading marked the highest inflation rate since November 2012. Annual average inflation ticked up to 1.7% in July (June: 1.6%). Lastly, harmonized inflation rose to 2.9% in July, from June’s 2.5%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.9% in 2021, which is up 0.1 percentage points from last month’s estimate, and 2.2% in 2022.


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Slovakia Inflation July 2021

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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