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Harmonized indices of consumer prices in February 2021

Harmonized indices of consumer prices in February 2021

Last update: 17.03.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 17.03.2021

The average annual inflation rate (expressed as the change in the average harmonized index of consumer prices over the last 12 months compared to the average of the previous 12 months) was 1.6 % in February 2021, down 0.2 %, from January 2021

In February, the corona crisis situation still had a major impact on data collection for the consumer price index. Traditional field price survey has continued to be replaced by collecting prices from other sources, e.g. websites, telephone and email inquiries. Part of the prices were solved by imputation. This was due to the closure of selected outlets and operations of services, as well as measures taken for field work. More in January methodical note, valid for February, as well HERE.

In February 2021, the year-on-year inflation rate measured by the harmonized index of consumer prices (HICP) reached 0.9 %, which represents an increase of 0.2 % compared to January, and is still well below last year's values.

The month-on-month HICP in February 2021 reached the level of 100.3 as in the previous month. The month-on-month development of the HICP was mainly influenced by price movements in the following branches of the COICOP classification: Transport (positive contribution of 0.13 percentage point, of which fuels and lubricants positive contribution of 0.14 pp, purchase of vehicles negative contribution -0.01 pp); Food and non-alcoholic beverages (positive contribution 0.05 pp); Alcoholic beverages and tobacco (positive contribution 0.04 pp, of which increase in cigarette prices positive contribution 0.03 pp); Housing, water, electricity, gas and other fuels (positive contribution 0.03 pp).

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