Slovakia’s EU-harmonised annual inflation eases to 0.5% in November 2013

By bne IntelliNews December 17, 2013

Slovakia’s EU-harmonised annual inflation eased to 0.5% in November 2013 from 0.7% in the previous month, data from the statistics office showed.

The monthly inflation rate, measured by the harmonised index of consumer prices (HICP), was negative at -0.2% in November after staying flat in October. 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, eased to 1.7% in November from 2% the month before.

The EU-harmonised inflation has a different composition of the consumer basket compared to the headline inflation, which slowed at 0.5% y/y and -0.1% m/m in November.

EU-harmonised consumer prices Nov-13, m/m change Oct-13, m/m change Nov-13, y/y change Oct-13, y/y change
Consumer prices, total -0.2% 0.0% 0.5% 0.7%
Food and non-alcoholic beverages -0.5% -0.4% 1.2% 1.9%
Alcoholic beverages and tobacco -0.3% 0.6% 2.1% 3.0%
Clothing and footwear 0.3% 1.5% 0.9% 0.9%
Housing, water, electricity, gas and other fuels 0.0% 0.0% 0.2% 0.3%
Furnishings, household equipment and routine -0.3% -0.1% -0.6% -0.1%
Health 0.2% 0.6% 0.8% 0.6%
Transport -0.7% -0.9% -2.0% -2.2%
Post and telecoms 0.0% 0.0% -1.0% -1.0%
Recreation and culture -0.1% 0.1% 0.9% 1.3%
Education 0.0% 0.1% 5.7% 5.6%
Hotels, cafes and restaurants 0.2% 0.1% 1.7% 1.5%
Miscellaneous goods and services 0.0% 0.2% -0.4% -0.1%
Source: Statistical Office of the Slovak Republic        
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