Slovakia reports EU-harmonised deflation of 0.1% in Sept 2014

By bne IntelliNews October 16, 2014

Slovakia's EU-harmonised deflation eased to 0.1% y/y in September 2014 from 0.2% y/y in August, data from the statistics office showed on October 16.

The monthly inflation rate, measured by the harmonised index of consumer prices (HICP), rose to 0.1% in September after eding down 0.2% in the previous month. The average annual inflation rate, measured by the change in average annual HICP for the last 12 months in comparison with the average for the preceding 12 months, remained unchanged at 0.1% in September compared to August.

The EU-harmonised inflation has a different composition of the consumer basket compared to the headline inflation. Slovakia's CPI inflation edged down 0.1% y/y in September 2014, following a 0.2% y/y drop the month before.

EU-harmonised consumer prices Sept-14, m/m change Aug- 14, m/m change Sept-14, y/y change Aug-14, y/y change
Consumer prices, total 0.1% -0.2% -0.1% -0.2%
Food and non-alcoholic beverages -0.3% -0.9% -1.5% -1.6%
Alcoholic beverages and tobacco -0.4% 0.1% 0.9% 1.1%
Clothing and footwear 0.3% -0.6% 1.5% 1.6%
Housing, water, electricity, gas and other fuels 0.4% 0.0% -0.8% -1.1%
Furnishings, household equipment and routine 0.5% 0.2% -0.1% -0.8%
Health 0.0% 0.2% 1.1% 1.0%
Transport -0.3% -0.1% -1.4% -0.9%
Post and telecoms 0.1% 0.0% -0.7% -0.9%
Recreation and culture -0.1% -0.2% 0.7% 0.4%
Education 1.2% 0.2% 2.6% 3.9%
Hotels, cafes and restaurants 0.2% 0.0% 1.1% 1.0%
Miscellaneous goods and services 0.2% -0.1% 2.1% 2.1%
Source: Statistical Office of the Slovak Republic        
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