Slovakia Inflation May 2018

Slovakia

Slovakia: Inflation ticks down in May

June 14, 2018

Consumer prices were flat in May, down from the 0.6% month-on-month increase logged in April. According to data released by the Statistical Office of the Slovak Republic (SOSR), the strongest increases in prices were recorded for clothing and footwear, and furnishings, household equipment and maintenance. Price increases were offset by lower prices for food and non-alcoholic beverages and transport.

Inflation eased from April’s over 5-year high of 2.9% to 2.6% in May. Meanwhile, the harmonized index of consumer prices also came in flat on a month-on-month basis in May, down from April’s 0.6% increase. Harmonized inflation eased from 3.0% in April to 2.7% in May.

Lastly, annual average harmonized inflation edged up to 2.1% in May from 1.9% in April, which represented the highest level in over four and a half years.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2018, which is up 0.2 percentage points from last month’s estimate, and 2.1% in 2019.


Author:, Economist

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Slovakia Inflation May 2018

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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