Annual inflation rate in Slovakia edged down to 2.5 percent in October of 2018 from 2.7 percent in September and below market expectations of 2.6 percent. It is the lowest inflation rate since March, mainly boosted by a slowdown in cost of food and non-alcoholic beverages (2.3 percent compared to 3.7 percent in September); recreation and culture (0.7 percent compared to 1 percent); and transport (6 percent compared to 6.1 percent). On the other hand, inflation was steady for housing (2.4 percent) and rose for miscellaneous goods and services (2.8 percent compared to 2.2 percent). On a monthly basis, consumer prices edged up 0.1 percent, the same as in September and slightly below forecasts of 0.2 percent. Inflation Rate in Slovakia averaged 2.86 percent from 2002 until 2018, 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.
Inflation Rate in Slovakia is expected to be 2.50 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 2.00 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.