Looking ahead, on the basis of current oil futures prices, headline inflation rates are likely to pick up significantly further at the turn of the year, mainly owing to base effects in the annual rate of change of energy prices.
The country can be proud of having achieved impressive economic and institutional convergence in such a short time. Slovakia’s success shows that EU accession and the adoption of the euro can create considerable opportunities – opportunities that can be seized, or wasted. Slovakia is a positive example of a country that has seized the opportunities of European integration through fundamental institutional reforms.