Slovakia Inflation Rate at Near 2-year Low in November

Figures

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Slovakia's annual inflation rate eased for the ninth consecutive month to 6.2% in November, down from an annual 7.1% in the previous month, data from the Bratislava-based Slovak Statistical Office (SÚSR) showed on Thursday.

This was the lowest reading since December 2021, as prices softened mainly for food & non-alcoholic beverages (7.8% vs 9% in October), housing & utilities (5.2% vs 5.8%), restaurant & hotels (10.1% vs 11.2%), and furnishings, household equipment & routine household maintenance (6.2% vs 7.4%).

Additionally, transport costs decreased by 0.2% (vs 1.4%), largely due to the continued reduction in fuel prices. On a monthly basis, consumer prices rose by 0.2% in November, matching market forecasts and the rate observed in October.

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