Slovakia's EU measure of inflation accelerated in May to the highest level in nearly one-and-a-half years, data from the Statistical Office of the Slovak Republic showed on Wednesday.
The EU measure of the harmonized index of consumer prices, or HICP, rose 4.3 percent year-on-year in May, faster than the 3.9 percent increase in April.
Further, this was the highest inflation rate since January 2024, when prices had risen 4.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.