According to Eurostat's flash estimate, inflation in Slovakia fell to 3 percent in July, its lowest level in two years. The National Bank of Slovakia stated that price growth slowed more sharply than its summer forecast had predicted. ekonomika.pravda.sk ↗
The decline in Slovakia's inflation in July was driven mainly by falling food prices. According to the NBS, prices have now been falling for the second consecutive month, which contributed to a more pronounced slowdown in overall price growth. An analyst at the National Bank of Slovakia also noted that the development was more favorable than the central bank had expected in its estimates. hnonline.sk ↗
The eurozone saw a different development. Inflation in the countries using the euro accelerated slightly in July, reaching 2.9 percent compared to the same period last year. According to Eurostat data, this development was driven mainly by an acceleration in energy price growth. Available information thus indicates that eurozone inflation is moving further away from the European Central Bank's target. ekonomika.sme.sk ↗
The National Bank of Slovakia expects a turnaround in domestic inflation in August. Further price developments will depend mainly on food and energy prices, which in July moved in opposite directions in Slovakia and in the eurozone. aktuality.sk ↗
Inflation fell in Slovakia, accelerated in the eurozone
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (5)
Inflácia v eurozóne sa v júli zrýchlila. Podpísalo sa pod to zrýchlenie rastu cien energií
ekonomika.sme.sk
| 12:16 31.07.
Inflácia v eurozóne sa vzďaľuje vytýčenému cieľu ECB
Trend
| 09:45 31.07.
NBS: Ceny na Slovensku klesajú už druhý mesiac. Inflácia je najnižšia za dva roky, v auguste však príde obrat
ekonomika.pravda.sk
| 14:21 31.07.
Inflácia klesla na tri percentá najmä pre zlacňovanie potravín, hovorí analytik Národnej banky Slovenska
hnonline.sk
| 14:02 31.07.
Verbraucherpreise: Inflation in der Eurozone steigt im Juli leicht
Tagesschau
| 12:06 31.07.
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