Slovakia Inflation June 2020

Slovakia

Slovakia: Inflation falls to over two-year low in June

July 17, 2020

Consumer prices fell 0.10% in June over the previous month, swinging from the 0.30% increase seen in May. June's result marked the sharpest fall in prices since December 2019. The drop was largely due to plunging prices for food and non-alcoholic beverages. In addition, price pressures for clothing and footwear decreased.

Inflation inched down to 1.8% in June, from May’s 2.0% print. June's result marked the weakest inflation rate since October 2017. Accordingly, the trend pointed down slightly, with annual average inflation coming in at 2.5% in June (May: 2.6%). Lastly, harmonized inflation fell to 1.8% from May’s 2.1%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.8% in 2020, which is up 0.1 percentage points from last month’s estimate, and 1.6% in 2021.


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Slovakia Inflation June 20 20

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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