Producer Prices in Slovakia
Slovakia - Producer Prices
Inflation falls for fifth consecutive month in July
Consumer prices edged up 0.10% over the last month in July, bouncing back from June’s 0.10% drop. July’s increase reflected greater price pressures for transport, restaurants and hotels and recreation and culture, outweighing falling prices in divisions of food and non-alcoholic beverages, alcoholic beverages and tobacco and clothing and footwear.
Inflation dipped for the fifth month running in July to 1.7%, from June’s 1.8%. Meanwhile, the trend remained stable, with the annual average inflation coming in at June’s 2.5% in July. Finally, harmonized inflation was also unchanged at last month’s 1.8% in July.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.8% in 2020, which is unchanged from last month’s estimate, and 1.6% in 2021.
Slovakia - Producer Prices Data
|Inflation (PPI, annual variation in %)||-4.3||-4.3||1.9||5.0||2.6|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Producer Prices 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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August 14, 2020
According to a preliminary GDP estimate, the economy collapsed in the second quarter, with GDP nosediving 12.1% (Q1 2020: -3.7% year-on-year) as the pandemic and related measures took their toll on activity.
August 13, 2020
Consumer prices edged up 0.10% over the last month in July, bouncing back from June’s 0.10% drop.
August 10, 2020
Industrial output fell 8.5% compared to the same month of the previous year in June, which was far above May's 33.3% decrease.
July 17, 2020
Consumer prices fell 0.10% in June over the previous month, swinging from the 0.30% increase seen in May.
July 10, 2020
Industrial production slumped 33.5% year-on-year in May, following April’s 42.0% nosedive, which had marked the sharpest decline on record.