Slovakia Inflation September 2017

Slovakia

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.

The National Bank of Slovakia (NBS) expects harmonized inflation to be 2.0% in 2018 and 2019. FocusEconomics Consensus Forecast participants are preparing their latest forecasts, and an updated forecast will be available on 24 October.


Author:, Economist

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Slovakia Inflation September 2017 0

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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