Slovakia Inflation May 2020


Slovakia: Inflation falls to over one-year low in May

June 15, 2020

Consumer prices rose 0.3% in May over the previous month, following April's flat result. May's figure marked the sharpest increase in prices since January. The result was largely driven by rising prices for food and non-alcoholic beverages.

Inflation came in at 2.0% in May, down from April’s 2.1%. May's reading represented the lowest inflation rate since December 2018. Meanwhile, annual average inflation was stable at 2.6% in May, matching April’s reading. Lastly, harmonized inflation clocked in at 2.1% (April: 2.1%).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.7% in 2020, which is unchanged from last month’s estimate, and 1.7% again in 2021.


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