Slovakia’s EU-harmonised deflation ticks down to 0.2% y/y in March 2014

By bne IntelliNews April 16, 2014

Slovakia’s EU-harmonised deflation slightly deepened in March 2014 with prices falling by 0.2% y/y after a 0.1% y/y decline the month before, data from the statistics office showed.

The monthly inflation rate, measured by the harmonised index of consumer prices (HICP), remained flat in March following a 0.1% m/m drop in February. 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 0.9% in March from 1.1% in February.

The EU-harmonised inflation has a different composition of the consumer basket compared to the headline inflation, which edged down by 0.1% y/y and remained flat m/m in March.

EU-harmonised consumer prices March-14, m/m change Feb-14, m/m change March-14, y/y change Feb-14, y/y change
Consumer prices, total 0.0% -0.1% -0.2% -0.1%
Food and non-alcoholic beverages -0.3% -0.3% 0.5% 0.6%
Alcoholic beverages and tobacco 0.3% -0.4% 2.5% 2.0%
Clothing and footwear -0.1% -0.7% 0.7% 0.8%
Housing, water, electricity, gas and other fuels 0.0% 0.0% -1.7% -1.7%
Furnishings, household equipment and routine 0.4% 0.1% -0.7% -1.1%
Health 0.0% 0.1% 1.0% 1.0%
Transport -0.4% 0.0% -1.7% -1.2%
Post and telecoms 0.0% 0.0% -1.4% -1.4%
Recreation and culture 0.1% 0.1% 0.3% 0.5%
Education 0.2% 0.1% 5.0% 5.1%
Hotels, cafes and restaurants 0.1% 0.0% 1.4% 1.5%
Miscellaneous goods and services 0.2% 0.1% -0.9% -1.0%
Source: Statistical Office of the Slovak Republic        
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