Slovakia's consumer price inflation rate eased to 2.6 percent year-on-year in June 2019 from 2.7 percent in the previous month and slightly below market expectations of 2.7 percent. Furnishings, household equipment and routine household maintenance cost increased at a softer rate (1.3 percent vs 1.4 percent) and transport prices dropped further (-2.3 percent vs -0.5 percent). On the other hand, inflation was unchanged for housing & utilities (at 4.1 percent) and food and non-alcoholic beverages (at 3.9 percent) while prices rose faster for both recreation and culture (1.6 percent vs 1.3 percent) and miscellaneous goods and services (3 percent vs 2.7 percent). The core inflation rate, which excludes volatile items, came in at 2.2 percent, also below market consensus of 2.3 percent. On a monthly basis, consumer prices edged up 0.1 percent, compared to 0.4 percent in May. 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 2.40 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 2.00 percent in 2020, according to our econometric models.