The harmonized index of consumer prices, or HICP, rose 1.6% year-on-year in December, same as seen in November. Economists had expected a 1.5% increase.

On a monthly basis, HICP decreased 0.1% in December, reversing a 0.1% rise in the preceding month. Earlier, the Bratislava-based statistical office reported that the consumer price index (CPI) rose 1.6% yearly in December and fell 0.1% from a month ago. The core inflation rose to 1.5% in December from 1.4% in the prior month.