Inflation in Slovakia
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
|Inflation Rate (CPI, annual variation in %)||1.4||-0.1||-0.3||-0.5||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Inflation Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.62||-4.12 %||Jan 16|
|Exchange Rate||1.14||0.65 %||Jan 16|
|Stock Market||337||0.0 %||Jan 16|
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January 15, 2019
Consumer prices dropped 0.1% month-on-month in December, matching November’s reading.
January 10, 2019
Industrial production rose 3.3% on an annual basis in November, decelerating from October’s logged 6.2% increase.
December 14, 2018
Consumer prices dropped 0.1% month-on-month in November, contrasting October’s 0.1% increase.
December 11, 2018
Industrial production expanded 1.2% year-on-year in October, up from September’s mediocre 0.4% increase.
December 10, 2018
Detailed national accounts data released on 7 December showed that the economy grew 4.6% year-on-year in the third quarter, sustained by stronger consumer spending, confirming the preliminary estimate.