Inflation in Slovakia
Slovakia - Inflation
Inflation comes in at highest level since October 2012 in August
Consumer prices rose 0.38% in August over the previous month, a smaller increase than the 0.50% rise seen in July. August's result marked the softest rise in prices since April. The cooling of price pressures was largely driven by lower prices for food and non-alcoholic beverages. In addition, prices for health grew at a more subdued pace.
Inflation came in at 3.8% in August, which was up from July’s 3.3%. August's figure represented the highest inflation rate since October 2012. Annual average inflation edged up to 1.9% in August (July: 1.7%). Finally, harmonized inflation rose to 3.3% in August, from the previous month's 2.9%.
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.0% in 2021, which is up 0.1 percentage points from last month’s estimate, and 2.4% in 2022, which is up 0.2 percentage points from last month’s forecast.
Slovakia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.3||-0.5||1.3||2.5||2.7|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Inflation Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 17, 2021
Consumer prices rose 0.38% in August over the previous month, a smaller increase than the 0.50% rise seen in July.
September 10, 2021
Industrial output rose 7.8% year-on-year in July (June: +13.8% yoy).
September 3, 2021
A second reading confirmed 17 August’s flash estimate of 9.6% GDP growth year-on-year in the second quarter, up from 0.2% in the first quarter.
August 17, 2021
Economic growth picked up markedly in the second quarter, with GDP increasing 9.6% on an annual basis according to a preliminary estimate (Q1: +0.2% year-on-year).
August 13, 2021
Consumer prices increased 0.50% over the previous month in July, below the 0.60% rise logged in June.