Slovakia Inflation


Slovakia: Inflation stalls in September

October 16, 2015

In September, consumer prices fell 0.3% over the previous month. The print came in below the 0.2% drop tallied in August and hit a nine-month low. September’s reading mainly reflected lower prices for transport as well as for housing, water, electricity, gas and other fuels.

Inflation in September inched down from 0.1% in August to zero, which was a six-month low. Meanwhile, the harmonized index of consumer prices fell 0.2% in monthly terms in September (August: -0.2% month-on-month). Annual harmonized consumer prices fell 0.5% in September, which was below August’s 0.2% drop.

The National Bank of Slovakia (NBS) expects harmonized consumer prices to fall 0.3% on average in 2015, before rebounding to a 1.0% increase in 2016. FocusEconomics Consensus Forecast participants expect HICP inflation to be 0.1% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects HICP inflation to increase to 1.0%, which is down 0.1 percentage points from last month’s forecast.

Author: Ricard Torné, Lead Economist

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Slovakia Inflation Chart

Slovakia Inflation September 2015

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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