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.

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Slovakia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.50 9.80 -0.90 2002 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-14 07:00 AM Sep 1.4% 1.4% 1.4% 1.4%
2020-11-12 08:00 AM Oct 1.6% 1.4% 1.5% 1.5%
2020-12-14 08:00 AM Nov 1.5% 1.6% 1.5% 1.6%
2021-01-14 08:00 AM Dec 1.6% 1.5% 1.5% 1.4%
2021-02-15 08:00 AM Jan 1.6%
2021-03-15 08:00 AM Feb
2021-04-15 07:00 AM Mar
2021-05-14 07:00 AM Apr


News Stream
Slovak Inflation Rate Ticks Up to 1.6% in December
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.
2021-01-14
Slovak Inflation Rate Slows to 1.5% in November
Slovakia's consumer price inflation rate eased to 1.5 percent year-on-year in November 2020, from a three-month high of 1.6 percent in the previous month and in line with market expectations. Prices rose at a softer pace for food and non-alcoholic beverages (0.9 percent vs 1.0 percent in October), housing and utilities (2.4 percent vs 2.5 percent), furnishings, household equipment and routine household maintenance (1.2 percent vs 1.5 percent), and miscellaneous goods and services (3.8 percent vs 4.1 percent).
2020-12-14
Slovakia Inflation Rate Rises to 3-Month High of 1.6%
The annual inflation rate in Slovakia rose to 1.6 percent in October 2020 from 1.4 percent in the previous month, above market expectations of 1.5 percent. It was the highest inflation since July, as prices advanced faster for food & non-alcoholic beverages (1 percent vs 0.1 percent in September); health (3.8 percent vs 3.7 percent) and education (2.9 percent vs 2.4 percent). Also, transport cost fell less (-4.6 percent vs -6.4 percent). On the other hand, prices slowed for housing & utilities (2.5 percent vs 2.6 percent); recreation & culture (1.9 percent vs 2 percent); furnishing & household equipment (1.5 percent vs 1.9 percent) restaurant & services (4.2 percent vs 4.4 percent). On a monthly basis, consumer prices went up 0.1 percent, after showing no growth in September.
2020-11-12
Slovakia Inflation Rate Stuck at 3-Year Low
The annual inflation rate in Slovakia was unchanged at 1.4 percent in September of 2020, the same as in August and remaining the lowest rate since July of 2017. Upward pressure came mainly from prices for housing and energy (2.6 percent), namely electricity (8.8 percent) and garbage collection (15 percent); miscellaneous goods and services (4.6 percent); restaurants and hotels (4.4 percent) and health care (3.7 percent). Food prices edged up 0.1 percent only and transport prices fell at a faster 6.4 percent. On a monthly basis, consumer prices were flat.
2020-10-14

Slovakia Inflation Rate
In Slovakia, the most important category in the consumer price index is Housing and Utilities (27.1 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.6 percent; Recreation and Culture for 8.7 percent; Miscellaneous Goods and Services for 8 percent; Transport for 7.4 percent and Furniture, Household Goods and Maintenance for 6.7 percent. Restaurants and Hotels; Alcoholic beverages and Tobacco; Health; Clothing and Footwear; Communication and Education account for the remaining 25.5 percent of total weight.