Inflation in Slovakia
Slovakia - Inflation
Inflation comes in at highest level since 2000 in June
Consumer prices rose 1.20% over the previous month in June, coming in below May's 1.60% rise. June's result marked the weakest reading since February. The cooling of price pressures was largely due to slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities, and health services grew at a more subdued pace.
Inflation came in at 13.2% in June, which was up from May’s 12.6%. June's figure represented the highest inflation rate since June 2000. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.8% in June (May: 6.9%). Lastly, harmonized inflation rose to 12.6% in June, from the previous month's 11.8%.
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 10.1% in 2022, which is up 0.6 percentage points from last month’s estimate, and 5.5% in 2023.
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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July 21, 2022
Industrial output rose 1.1% compared to the same month of the previous year in May, which contrasted April's 9.6% decrease.
July 21, 2022
Consumer prices rose 1.20% over the previous month in June, coming in below May's 1.60% rise.
June 17, 2022
GDP growth gained traction to 3.1% year on year in the first quarter, from 1.4% in the fourth quarter of last year.
May 17, 2022
Annual growth more than doubled at the outset of this year, coming in at 3.1% in Q1, compared to a 1.4% year-on-year increase in Q4 2021.
May 13, 2022
Consumer prices rose 1.50% in April over the previous month, which was below March's 1.70% rise.