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Harmonized indices of consumer prices in October 2020

Harmonized indices of consumer prices in October 2020

Last update: 18.11.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 18.11.2020

In October 2020, the annual inflation rate measured by the harmonized index of consumer prices (HICP) reached the value 1.6 %, month-on-month inflation was 0,1 %.

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 2.3 % in October 2020.

The month-on-month HICP 100.1 was influenced by increase of prices in the following  divisions of the COICOP classification food and non-alcoholic beverages (positive contribution 0.07 percentage points), clothing and footwear (positive contribution 0.02 pp), housing, water, electricity, gas and other fuels (positive contribution 0.02 pp), recreation and culture (positive contribution 0.02 pp), restaurants and hotels (positive contribution 0.02 pp), education (positive contribution 0.01 pp), miscellaneous goods and services (positive contribution 0.01 pp). On the contrary, prices decreased in the following branches: alcoholic beverages and tobacco (negative contribution -0.01 pp), transport (negative contribution -0.01 pp).

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