Inflation in Slovakia
Slovakia - Harmonized Inflation
Inflation steady in January
Consumer prices rose 1.2% in January, contrasting December’s 0.1% fall. The reading largely reflected higher prices for food and non-alcoholic beverages; transport; utilities; and recreation and culture.
Inflation came in at 3.0% in January, matching December’s print, while annual average inflation rose to 2.5%, up from December’s 2.3%. Meanwhile, harmonized inflation held steady at 3.2% in December, the latest month for which data is available.
FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2020, which is down 0.1 percentage points from last month’s estimate, and 2.1% in 2021.
Slovakia - Harmonized Inflation Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %) | -0.1 | -0.3 | -0.5 | 1.4 | 2.5 |
Slovakia Harmonized Inflation Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.13 | -4.12 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Slovakia: Economic growth gains speed in Q4
February 14, 2020
The economy picked up pace in the final quarter of 2019.
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Slovakia: Inflation steady in January
February 14, 2020
Consumer prices rose 1.2% in January, contrasting December’s 0.1% fall.
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Slovakia: Industrial production growth slumps to four-month low in December
February 10, 2020
Industrial production plunged 7.1% in December, following November’s 4.4% decline, and thus marking the fifth consecutive month of contracting industrial activity and the fastest contraction since August 2019.
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Slovakia: Inflation steady in December
January 14, 2020
Consumer prices fell 0.1% in December, contrasting November’s 0.2% rise.
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Slovakia: Industrial production contracts for fourth month straight in November
January 10, 2020
Industrial production fell 4.4% in November, following October’s revised 4.0% decline (previously reported: -3.9% year-on-year), and marking the fourth straight month of downturns in industrial activity.
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