Slovakia Inflation June 2021

Slovakia

Slovakia: Inflation rises to over one-year high in June

July 14, 2021

Consumer prices rose 0.60% over the previous month in June, moderating from May's 0.80% rise. The reading was driven by moderating price pressures for food and non-alcoholic beverages and for transportation. In addition, prices for health grew at a more subdued pace.

Inflation increased to 2.9% in June, above May’s 2.2%. June's figure represented the highest inflation rate since February 2020. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.8% in June (May: 1.6%). Harmonized inflation rose to 2.5% in June, from the previous month's 2.0%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.9% in 2021, which is up 0.1 percentage points from last month’s estimate, and 2.2% in 2022.


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Slovakia Inflation June 2021

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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