Slovakia Inflation August 2021

Slovakia

Slovakia: Inflation comes in at highest level since October 2012 in August

September 17, 2021

Consumer prices rose 0.38% in August over the previous month, a smaller increase than the 0.50% rise seen in July. August's result marked the softest rise in prices since April. The cooling of price pressures was largely driven by lower prices for food and non-alcoholic beverages. In addition, prices for health grew at a more subdued pace.

Inflation came in at 3.8% in August, which was up from July’s 3.3%. August's figure represented the highest inflation rate since October 2012. Annual average inflation edged up to 1.9% in August (July: 1.7%). Finally, harmonized inflation rose to 3.3% in August, from the previous month's 2.9%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.0% in 2021, which is up 0.1 percentage points from last month’s estimate, and 2.4% in 2022, which is up 0.2 percentage points from last month’s forecast.


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Slovakia Inflation August 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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