In April 2020, the annual inflation rate measured by the harmonized index of consumer prices reached 2.1%, latest data from the Statistical Office of Slovakia show.
The average annual inflation rate (expressed as the change in the average harmonized index of consumer prices over the last 12 months compared with the average of the previous 12 months) was 2.9 % in April 2020.
The month-on-month harmonized index of consumer prices of 99.9% was most affected by lower prices in the division Transport (negative contribution -0.29 percentage points); of which the development of fuel prices was responsible for the decline by -0.27 pp.
The decrease in prices in the division Alcoholic beverages and tobacco is responsible for the negative contribution of -0.04 pp, caused mainly by a decrease in prices of spirits (contribution -0.03 pp).
The highest positive contribution in the index was recorded in the division Food and non-alcoholic beverages – 0.14 pp, of which increase of food made up 0.15 pp (increase in prices of vegetables 0.10 pp, fruits 0,03 pp and bread and cereals 0.03 pp) and decrease of non-alcoholic beverages: -0.01 pp.
In the division of Clothing and footwear, there is a seasonal character, which was taken into account when choosing the method of imputation of uncollected prices, while the total contribution to the aggregate index was 0.07 pp.
The contributions of other divisions reached from -0.02 pp to 0.03 pp.