Inflation in Slovakia at 1.5% in November

Year-on-year inflation in Slovakia in November slowed down from 1.6% to 1.5%, the Slovak Statistics Office reported on Monday. According to Ľubomír Koršňák, analyst of UniCredit Bank Czech Republic and Slovakia the main factors of the development are lower oil (and fuel) prices and a slight slowdown in the growth of food prices.

Moreover, core inflation stood at 1.4% and net inflation at 1.2%. Core inflation influenced cumulative inflation in November by 0.09 percentage points (p.p.) month-on-month, while regulated prices and indirect taxes had no impact on cumulative inflation in November. Net inflation influenced core inflation by 0.08 p.p., while food prices had no impact on core inflation.