Slovakia: Inflation continues to slow in September
October 14, 2013
In September, consumer prices remained flat over the previous month, after the 0.2% decrease recorded in August. The reading mainly reflects higher prices for education as well as for clothing and footwear, which were offset by lower prices for food and non-alcoholic beverages as well as for recreation and culture.
Annual headline inflation eased from 1.3% in August to 1.0% in September, the lowest level since November 2010. Meanwhile, annual average HICP inflation - based on the harmonized index of consumer prices - edged down from 2.5% in August to 2.2% in September.
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 1.7% 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 1.9%, which is down 0.2 percentage points from last month's projection.