Slovakia Inflation Eases to 19-Month Low

Slovakia's annual inflation rate eased to 3.3% in July 2026 from 3.5% in June, remaining above market expectations of 3%. It was the lowest reading since December 2024, largely due to a deeper decline in food and non-alcoholic beverage prices (-2.1% vs -0.5%). Inflation also slowed for alcoholic beverages, tobacco and narcotics (1.8% vs 3.1%), insurance and financial services (4.6% vs 4.9%), and miscellaneous goods and services (2.6% vs 3.2%). Meanwhile, price growth accelerated for housing and utilities (7.4% vs 7.3%), transport (7.0% vs 5.3%), clothing and footwear (0.8% vs 0.6%), health (5.1% vs 4.9%), information and communication (2.2% vs 2.0%), and recreation, sport and culture (5.2% vs 4.8%). On a monthly basis, consumer prices rose 0.1%, compared with market expectations and the previous month's 0.1% decline. Core inflation, which excludes regulated prices, edged down to 1.7% from 1.9% in June, marking its lowest level since March 2021.

Slovakia's annual inflation rate rose 3.5% in June 2026, easing from 3.8% in the previous month but coming in slightly above market expectations of 3.4%. Inflation slowed for alcoholic beverages and tobacco (3.1% vs 3.7% in May), education (6.1% vs 6.2%), restaurants and hotels (4.7% vs 5.2%), insurance and financial services (4.9% vs 5.1%), and transport (5.3% vs 9.4%). Food and non-alcoholic beverage prices also fell (-0.5% vs 0.3%), while prices remained steady for clothing and footwear (0.6%), recreation and culture (4.8%), and miscellaneous goods and services (3.2%). Meanwhile, price growth accelerated for housing and utilities (7.3% vs 6.7%), furnishings, household equipment and routine household maintenance (1.2% vs 0.7%), health (4.9% vs 4.5%), and information and communication (2.0% vs 1.8%). On a monthly basis, consumer prices fell 0.1% in June, following a 0.4% rise in May. Core inflation, excluding regulated prices, slowed to 1.9% in June from 2.3% in the previous month.

Slovakia's annual inflation rate edged down to 3.8% in May 2026 from a three-month high of 3.9% in the previous month. Prices increased at a slower pace for food and non-alcoholic beverages (0.3% vs 1.0% in April), alcoholic beverages and tobacco (3.7% vs 4.8%), clothing and footwear (0.6% vs 0.7%), furnishings, household equipment and routine household maintenance (0.7% vs 1.5%), health (4.5% vs 4.9%), education (6.1% vs 6.2%), restaurants and hotels (5.2% vs 5.5%), and insurance and financial services (5.1% vs 6.1%). On the other hand, costs accelerated for housing and utilities (6.7% vs 6.3%), transport (9.4% vs 7.2%), recreation and culture (4.8% vs 4.7%), and personal care, social protection, and miscellaneous goods and services (3.2% vs 3.1%). On a monthly basis, consumer prices eased slightly to 0.4% from 0.5% in April. Meanwhile, core inflation, excluding regulated prices, ticked down to 2.3% in May, from 2.4% in the previous month.