Slovakia Inflation November 2018

Slovakia

Slovakia: Inflation falls notably in November

December 14, 2018

Consumer prices dropped 0.1% month-on-month in November, contrasting October’s 0.1% increase. According to data released by the Statistical Office of the Slovak Republic (SOSR), the sharpest drops were recorded for transport, food and non-alcoholic beverages, and alcoholic beverages and tobacco. Price declines were, however, partly offset by higher prices for communications, and clothing and footwear. Meanwhile, inflation decelerated to a nine-month low of 2.1% in October from 2.5% in October.

The harmonized index of consumer declined 0.1% month-on-month in November, contrasting the 0.1% increase registered in October. Harmonized inflation decreased from 2.5% in October to 2.0% in November. Meanwhile, annual average harmonized inflation remained unchanged at October’s over five-year high of 2.5% in November.

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.


Author: Massimo Bassetti, Economist

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Slovakia Inflation November 2018

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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