Slovakia's annual inflation rate edged up to 1.6 percent in December of 2020 from 1.5 percent in November and slightly above market expectations of 1.5 percent. Main upward pressure came from prices of housing & utilities (2.4 percent, the same pace as in November); health (3.7 percent, the same pace as in November) and miscellaneous goods & services (4.1 percent vs 3.8 percent). On the other hand, inflation slowed for food & non-alcoholic beverages (0.6 percent vs 0.9 percent) while costs continued to fall for transport (-3.4 percent vs -4.6 percent). On a monthly basis, consumer prices dropped 0.1 percent, after increasing 0.1 percent in the prior month and compared with market consensus of a 0.1 percent rise. source: Statistical Office of the Slovak Republic
Inflation Rate in Slovakia averaged 2.79 percent from 2002 until 2020, reaching an all time high of 9.80 percent in November of 2003 and a record low of -0.90 percent in July of 2016. This page provides - Slovakia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Inflation Rate in Slovakia is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Slovakia to stand at 1.30 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.