Inflation in Slovakia
Slovakia - Inflation
Inflation falls to over one-year low in May
Consumer prices rose 0.3% in May over the previous month, following April's flat result. May's figure marked the sharpest increase in prices since January. The result was largely driven by rising prices for food and non-alcoholic beverages.
Inflation came in at 2.0% in May, down from April’s 2.1%. May's reading represented the lowest inflation rate since December 2018. Meanwhile, annual average inflation was stable at 2.6% in May, matching April’s reading. Lastly, harmonized inflation clocked in at 2.1% (April: 2.1%).
FocusEconomics Consensus Forecast panelists expect inflation to average 1.7% in 2020, which is unchanged from last month’s estimate, and 1.7% again in 2021.
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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June 15, 2020
Consumer prices rose 0.3% in May over the previous month, following April's flat result.
June 10, 2020
Industrial production dropped 42.0% year-on-year in April (March: -19.6% year-on-year).
June 5, 2020
A second estimate revealed the economy shrank 3.7% on an annual basis (previously reported: -3.9% year-on-year) in the first quarter, contrasting the fourth quarter’s 2.1% expansion.
May 20, 2020
Consumer prices remained unchanged in April, matching March’s flat reading.
May 15, 2020
According to a preliminary GDP estimate, the economy contracted in the first quarter, with GDP decreasing 3.9% (Q4: +2.1% year-on-year) as the Covid-19 pandemic and its associated confinement measures delivered a heavy blow.