Slovakia Inflation Rate Decrease in April

Analysis

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The annual inflation rate in Slovakia eased further for the fourteenth consecutive period to 2.1% in April, down from 2.3% in the previous month, data released from the Bratislava-based Slovak Statistical Office (SÚSR) on Tuesday show.

This marked the lowest reading since April 2021, primarily due to a slowdown in prices of food & non-alcoholic beverages (0.1% vs 0.6% in March). Additional downward pressures came from furnishings, household equipment & routine household maintenance (2.1% vs 3.8%), and education (9.8% vs 11.5%).

Conversely, prices increased for alcoholic beverages & tobacco (8.8% vs 8.3%), transport (6.9% vs 6.3%), and miscellaneous goods & services (4.7% vs 3.9%), while housing and utilities remained unchanged (0.1%).

On a monthly basis, the consumer price index (CPI) rose 0.3%, matching market forecasts and higher from a 0.1% gain in March.

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