Annual inflation rate in Slovakia eased to 2.1 percent in April of 2020 from 2.3 percent in March, reaching the lowest since December of 2018. Downward pressures came mainly from transport prices (-5.9% due to a plunge in international oil prices compared to -1.9 percent in March), and a slowdown in cost of recreation and culture (2.5 percent vs 3 percent) and miscellaneous goods and services (3.8 percent vs 4.2 percent). On the other hand, prices rose faster for food and non-alcoholic beverages (4.3 percent vs 3.7 percent), alcoholic beverages and tobacco (1.1 percent vs 0.3 percent), and clothing (1.1 percent vs 1 percent). On a monthly basis, prices were flat.
Inflation Rate in Slovakia averaged 2.83 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 June of 2020. source: Statistical Office of the Slovak Republic
Inflation Rate in Slovakia is expected to be 2.30 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 2.40 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 2.30 percent in 2021, according to our econometric models.