Slovakia Inflation January 2021

Slovakia

Slovakia: Inflation falls to lowest level in four years in January

February 15, 2021

Consumer prices rose 0.30% month-on-month in January, contrasting December’s 0.10% decline and logging the highest reading since May 2020. January’s upturn was largely due to a rebound in prices for food and non-alcoholic beverages. Moreover, prices for transport rose at a quicker pace than in the previous month.

Inflation came in at 0.7% in January, below December’s 1.6% and the lowest inflation rate since January 2017. Meanwhile, annual average inflation dropped to 1.8% in January (December: 2.0%). Lastly, harmonized inflation dropped to 0.7% for in January, down from December’s 1.6%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.6% in 2021, which is unchanged from last month’s estimate, and 1.9% in 2022.


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Slovakia Inflation January 2021 0

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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