Slovakia: Inflation resurfaced in December
January 13, 2017
In December, consumer prices in Slovakia edged up 0.1% from the previous month, which mirrored the increase observed in November. December’s figure was mainly driven by higher prices for transport, health, recreation and culture, according to the Statistical Office of the Slovak Republic (SOSR).
In annual terms, inflation rose 0.2% in December, which contrasted November’s 0.2% fall and marked the first increase since December 2014. Meanwhile, the harmonized index of consumer prices rose 0.08% in monthly terms in December (November: +0.09% month-on-month). Harmonized consumer prices increased 0.2% annually, which contrasted November’s 0.2% decline. In the 12 months up to December, HICP consumer prices have fallen, on average, 0.5%.
Author: Luis Lopez Vivas, Economist