Slovakia: Inflation reaches lowest level since February 2010
December 17, 2013
In November, consumer prices fell 0.1% over the previous month, which was a tad down from the flat reading tallied in October. The fall in prices was broad-based, with transports and food and non-alcoholic beverages registering the largest drops. Clothing and footwear registered the largest increase, although it was not enough to offset the contraction of the index.
Annual headline inflation inched down from 0.6% in October to 0.5% in November, the lowest level since February 2010. Meanwhile, annual average HICP inflation - based on the harmonized index of consumer prices - edged down from 2.0% in October to 1.7% in November, the lowest level since April 2011.
The Central Bank expects HICP inflation to average 1.7% this year before moderating to 1.5% in 2014. FocusEconomics Consensus Forecast participants expect HICP inflation to average 1.6% this year, which is unchanged compared to last month's forecast. In 2014, the panel expects HICP inflation to increase to 1.8%, which is also unchanged from last month's projection.