Slovakia: Inflation slows slightly in April
May 15, 2017
In April, consumer prices rose 0.1% from the previous month, which contrasted March’s 0.1% drop. April’s figure was mainly driven by higher prices for food and non-alcoholic beverages and clothing and footwear, according to the Statistical Office of the Slovak Republic (SOSR).
In annual terms, inflation edged down from 1.0% in March to 0.8% in April. Meanwhile, the harmonized index of consumer prices increased 0.1% in monthly terms in April (March: -0.1% month-on-month) and 0.8% annually (March: +1.0% year-on-year). In the 12 months up to April, HICP consumer prices have, on average, remained unchanged (March: -0.1% yoy).
Author: Luis Lopez Vivas, Economist