Slovakia's annual producer price growth eases to 1.4% in June 2012.

By bne IntelliNews July 30, 2012
Slovakias producer prices increased by 1.4% y/y in June 2012, easing from a 1.7% growth in the previous month and recording their lowest annual rise since the beginning of the year, data from the statistics office showed. Industrial producer prices on the domestic market rose 4% y/y, slowing down from a 4.2% annual growth a month earlier, while export producer prices slipped 0.4% lower following a 0.1% decline in May. On a monthly basis, producer prices moved 0.6% lower in June after a 0.2% growth in May. On the domestic market prices fell 0.2% m/m after a 0.7% growth in the previous month, while export prices eased 0.8% after falling 0.1% in May. Agricultural producer prices fell 0.2% y/y last month, as a 2.4% growth in animal product prices was offset by a 7.8% drop in crops prices. Prices of construction works rose 0.3% y/y last month and prices of construction materials and components increased by 1.7%. IntelliNews comment: Producer prices are a key preliminary indicator for the dynamics in consumer price inflation in the following month. The easing in producer price inflation last month indicates that July consumer price inflation might slow down from its June levels of 0.2% m/m and 3.6% y/y. The inflation in Slovakia is seen slowing down this year to an annual level of around 3.5% from an average annual level of 3.9% for 2011.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Dismiss