Slovakia: Inflation reaches an over four-year high in September
October 17, 2017
Consumer prices rose 0.2% month-on-month in September after coming in flat in August. According to data released by the Statistical Office of the Slovak Republic (SOSR), the increase was driven by higher prices nearly across-the-board, with the largest increases in prices for education and food and non-alcoholic beverages, which more than offset lower prices for furnishings and household equipment.
Inflation inched up from 1.5% in August to 1.6% in September, an over four-year high. Meanwhile, the harmonized index of consumer prices rose 0.2% on a month-on-month basis in September after coming in flat in August. Harmonized inflation also rose in September, from 1.6% in August to 1.8%. As a result, annual average harmonized inflation inched up higher in September to 0.9%, from 0.7% the previous month.
Author: Lindsey Ice, Economist