In its latest economic update, Slovakia’s Consumer Price Index (CPI) for August 2024 has slowed to a modest 0.2% on a month-over-month basis, down from 0.3% in July, as reported on September 13, 2024. This marks a slight deceleration in price growth, indicating a potential cooling-off in inflationary pressures within the Slovak economy.The previous CPI indicator for July revealed a 0.3% increase, reflecting the month-over-month comparison to June’s data. The latest figure suggests a continuing, yet slower, trend in the rise of consumer prices in the country, which could have significant implications for monetary policy and financial markets.With the current CPI at 0.2%, analysts and policymakers may need to reassess their strategies to maintain economic stability and ensure a balanced growth trajectory. This development could influence decisions on interest rates and other fiscal measures aimed at managing inflation and supporting economic activity.The material has been provided by InstaForex Company – www.instaforex.com
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