Slovakia's consumer price inflation edged down to 2.8 percent in August 2019 from a 15-month high of 2.9 percent in the previous month and slightly below market expectations of 2.9 percent. Miscellaneous goods & services prices rose at a softer pace (3.5 percent vs 3.6 percent) while inflation was unchanged for housing & utilities (at 3.8 percent), recreation & culture (at 1.8 percent) and furnishings, household equipment & maintenance (at 1.5 percent). In addition, transport costs continued to fall (-1.9 percent vs -1.5 percent), while food and non-alcoholic beverages prices rose further (5.2 percent vs 4.7 percent). The core inflation, which excludes volatile items, stood at 2.4 percent, also below forecasts of 2.5 percent. On a monthly basis, consumer prices advanced 0.2 percent and the core index rose 0.1 percent. Inflation Rate in Slovakia averaged 2.84 percent from 2002 until 2019, reaching an all time high of 9.80 percent in November of 2003 and a record low of -0.90 percent in July of 2016.
Inflation Rate in Slovakia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Slovakia to stand at 2.20 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.