Consumer prices in Slovakia advanced 5.1 percent in October of 2021, above the 4.6 percent rise in September and slightly more than market expectations of a 5.1 percent increase. It was the highest inflation rate since September of 2008, mainly underpinned by prices of transport (14 percent vs 11.6 percent in September); housing & utilities (3.5 percent vs 2.6 percent); food & non-alcoholic beverages (3.9 percent vs 4.2 percent); and alcoholic beverages & tobacco (8 percent vs 7.8 percent). The annual core inflation rate which excludes volatile items such as energy and food, surged to 5.5 percent in October, the highest since September of 2008 and above market estimates of 5.4 percent. On a monthly basis, consumer prices were up 0.6 percent, slower than a 0.8 percent gain in the month prior. source: Statistical Office of the Slovak Republic
Inflation Rate in Slovakia averaged 2.79 percent from 2002 until 2021, 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 December of 2021.
Inflation Rate in Slovakia is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Inflation Rate is projected to trend around 3.00 percent in 2022 and 2.40 percent in 2023, according to our econometric models.