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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -4.3 | -4.3 | 1.9 | 5.0 | 2.6 |
Slovakia Producer Prices Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.13 | -4.12 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Slovakia: GDP contracts at fastest pace on record in Q2
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.
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Slovakia: Inflation falls for fifth consecutive month in July
August 13, 2020
Consumer prices edged up 0.10% over the last month in July, bouncing back from June’s 0.10% drop.
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Slovakia: Decline in industrial activity softens in June
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.
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Slovakia: Inflation falls to over two-year low in June
July 17, 2020
Consumer prices fell 0.10% in June over the previous month, swinging from the 0.30% increase seen in May.
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Slovakia: Industrial activity drops again 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.
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