Slovakia Inflation


Slovakia: Inflation eases in July

August 12, 2013

In July, consumer prices fell 0.1% over the previous month, contrasting the 0.1% increase recorded in June. The monthly decrease was driven by lower prices for food and non-alcoholic beverages as well as for clothing and footwear.

Annual headline inflation inched down from 1.6% in June to 1.5% in July, the lowest level since December 2010. Meanwhile, annual average HICP inflation - based on the harmonized index of consumer prices - edged down from 3.0% May to 2.8% in June (the latest month for which data are available).

FocusEconomics Consensus Forecast participants expect HICP inflation to average 2.4% this year, which is down 0.3 percentage points over the previous month's forecast. In 2014, the panel expects HICP inflation to inch up to 2.6%.


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Slovakia Inflation Chart

Slovakia Inflation July 2013

Note: Month-on-month and year-on-year variation of consumer price index in %.
Source: Statistical Office of the Slovak Republic (SOSR) and FocusEconomics calculations.

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