Slovakia: Inflation moderates slightly in March
April 12, 2017
In March, consumer prices dropped 0.1% from the previous month, which contrasted February’s 0.5% increase and marked the lowest print in seven months. March’s figure was mainly driven by lower prices for food and non-alcoholic beverages, health and transport, according to the Statistical Office of the Slovak Republic (SOSR).
In annual terms, inflation edged down from 1.1% in February—which had been the highest reading in over three years—to 1.0% in March. Meanwhile, the harmonized index of consumer prices fell 0.1% in monthly terms in March (February: +0.5% month-on-month). Harmonized consumer prices increased 1.0% annually March (February: +1.2% year-on-year). In the 12 months up to March, HICP consumer prices have fallen, on average, 0.1% (February: -0.2% yoy).
Author: Luis Lopez Vivas, Economist