Slovakia Inflation February 2021

Slovakia

Slovakia: Inflation hits two-month high in February

March 15, 2021

Consumer prices increased 0.30% over the previous month in February, matching January's reading. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a weaker pace in February. However, prices for clothing and footwear declined at a slower rate.

Consumer prices edged up to 0.9% in February, from January’s 0.7%, marking the highest reading in two months.. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 1.6% in February (January: 1.8%). Lastly, harmonized inflation rose to 0.9% from January’s 0.7%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.6% in 2021, which is unchanged from last month’s estimate, and 2.0% in 2022.


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Slovakia Inflation February 2021

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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