Slovakia: Inflation decelerates further in October
November 16, 2018
Consumer prices grew 0.1% month-on-month in October, matching September’s uptick. According to data released by the Statistical Office of the Slovak Republic (SOSR), the highest increases were recorded for clothing and footwear; and furniture and furnishings, and household equipment. Price increases were, however, partly offset by lower prices for transport, and food and non-alcoholic beverages. Meanwhile, inflation decelerated to a seven-month low of 2.5% in October from 2.7% in September.
The harmonized index of consumer was grew 0.1% month-on-month in October, following the flat reading registered in September. Harmonized inflation decreased from 2.7% in September to 2.5% in October. Meanwhile, annual average harmonized inflation remained unchanged at September’s over five-year high of 2.5% in October.
Slovakia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2019, which is unchanged from last month’s estimate, and 2.4% in 2020.