Slovakia Inflation Hits Lowest Since 2024

Slovakia's annual inflation rate edged down to 3.0% in October 2026, following a 3.1% increase in each of the previous two months and coming in slightly below market expectations of 3.1%. This marked the lowest level since December 2024, largely as price growth in transport slowed (7.3% vs 9.1%) amid government measures introducing discounts on rail and bus fares. Inflation also eased for education (3.3% vs 4.4%), alcoholic beverages, tobacco and narcotics (1.8% vs 2.0%), and furnishings and household maintenance (1.2% vs 1.4%). Meanwhile, inflation accelerated in clothing and footwear (1.1% vs 0.7%) and restaurants and hotels (4.5% vs 4.4%), while remaining unchanged in housing and utilities (7.8%) and information and communication (2.8%). Deflation in food and non-alcoholic beverages also eased to 2.7% from 3.2%. On a monthly basis, consumer prices were unchanged after a 0.2% gain in September. Core inflation, which excludes regulated prices, rose to 1.8%.

Slovakia's annual inflation rate stood at 3.1% in September 2026, unchanged from August and slightly below market expectations of 3.2%. It remained at its lowest level since December 2024, largely as food and non-alcoholic beverage prices fell more sharply (-3.2% vs -2.5%). Inflation also eased for alcoholic beverages, tobacco and narcotics (2.0% vs 2.6%), health (4.4% vs 4.8%), recreation, sport and culture (4.2% vs 4.7%), education (4.4% vs 5.9%), restaurants and hotels (4.4% vs 4.7%), and insurance and financial services (2.3% vs 4.5%). In contrast, price growth accelerated for transport (9.1% vs 6.5%), housing and utilities (7.8% vs 7.4%), furnishings and household maintenance (1.4% vs 1.3%), and information and communication (2.8% vs 2.3%). On a monthly basis, consumer prices rose by 0.2%, in line with expectations, after remaining flat in August. Core inflation, which excludes regulated prices, held at 1.5%, its lowest level since February 2021.

Slovakia's annual inflation rate eased to 3.1% in August 2026 from 3.3% in July, slightly below market expectations of 3.2%. This marked the lowest reading since December 2024, largely due to a deeper decline in food and non-alcoholic beverage prices (-2.5% vs -2.1%). Inflation also slowed for clothing and footwear (0.4% vs 0.8%), furnishings, household equipment and routine household maintenance (1.3% vs 1.4%), health (4.8% vs 5.1%), transport (6.5% vs 7.0%), recreation, sport and culture (4.7% vs 5.2%), education (5.9% vs 6.0%), and insurance and financial services (4.5% vs 4.6%). Meanwhile, price growth accelerated for alcoholic beverages, tobacco and narcotics (2.6% vs 1.8%) and information and communication (2.3% vs 2.2%). On a monthly basis, consumer prices were unchanged, in line with market expectations and compared with a 0.1% increase in July. Core inflation, which excludes regulated prices, edged down to 1.5% from 1.7% in July, marking its lowest level since February 2021.