Slovakia: Inflation continues to ease in October
November 12, 2013
In October, consumer prices were flat over the previous month, matching the result tallied in September. The print reflected that higher prices for clothing and footwear, as well as for alcoholic beverages and tobacco, were offset by a drop in prices for transports as well as for food and non-alcoholic beverages.
Annual headline inflation eased from 1.0% in September to 0.6% in October, the lowest level since February 2010. Meanwhile, annual average HICP inflation - based on the harmonized index of consumer prices - edged down from 2.2% in September to 2.0% in October.
The Central Bank expects HICP inflation to average 1.7% this year before moderating to 1.5% in 2014. FocusEconomics Consensus Forecast participants expect HICP inflation to average 1.6% this year, which is down 0.1 percentage points compared to last month's forecast. In 2014, the panel expects HICP inflation to increase to 1.8%, which is also down 0.1 percentage points from last month's projection.