Slovakia ́s inflation slowed in August, reaching 2.8% year-on-year, after a 2.9% growth in July, with core inflation amounting to 2.4% and net inflation to 1.6%, based on data reported by the Slovak Statistics Office on September 13.
Food and non-alcoholic beverages and utility cost increased by 5.2% and 3.8% y/y, respectively, while transportation cost dropped by 1.9%.
In monthly terms, consumer prices increased by 0.2% in total. August cumulative inflation was influenced by core inflation by 0.12 percentage points (pp) and by regulated prices by 0.09pp, with no effect of indirect taxes on cumulative inflation.
Food prices had no impact on core inflation, although net inflation influenced core inflation by 0.12pp.