Inflation in Slovakia

Slovakia Inflation | Economic News & Forecasts

Slovakia - Inflation

Harmonized inflation falls to 14-month low in December

Consumer prices dropped 0.1% month-on-month in December, matching November’s reading. According to data released by the Statistical Office of the Slovak Republic (SOSR), the transport sub-component registered the sharpest losses, followed by clothing, and alcoholic beverages and tobacco. Meanwhile, prices for housing, water, electricity, gas and other fuels, increased mildly in December. In addition, the harmonized index for consumer prices declined 0.1% month-on-month, matching November’s turnout.

December’s harmonized inflation ticked down to 1.9%, logging the lowest reading in over a year (November: +2.0% year-on-year). Meanwhile, annual average harmonized inflation remained unchanged from November’s result at a five-year high of 2.5%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2019, which is unchanged from last month’s estimate, and 2.4% in 2020.

Slovakia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.4  -0.1  -0.3  -0.5  1.3  

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Slovakia Inflation Chart

Slovakia Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.

Slovakia Facts

Bond Yield0.62-4.12 %Jan 16
Exchange Rate1.140.65 %Jan 16
Stock Market3370.0 %Jan 16

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