Slovakia: Inflation inches down in December
January 14, 2015
In December, consumer prices fell 0.3% over the previous month, which came in below the 0.1% decline tallied in November and marked the strongest drop since September 2006. December’s reading mainly reflected lower prices for transport, driven by low global oil prices. Prices for clothing and footwear, as well as for food and non-alcoholic beverages, also declined over the previous month. Conversely, household equipment recorded higher prices than in November.
Inflation inched down from November’s 0.3% to 0.2% in December. Meanwhile, the harmonized index of consumer prices fell 0.28% in December compared to the previous month, which was down from the 0.17% decline tallied in November. Annual average HICP fell 0.1% in December (November: -0.1% year-on-year).
Author: Cecilia Simkievich, Economist