The annual inflation rate in Slovakia climbed to an all-time high of 12.6% in May of 2022 from 11.8% in the previous month, beating market expectations of 12.5%. Prices rose sharply for food & non-alcoholic beverages (16% vs 13.9%); transport (20.9 % vs 19%); restaurants and hotels (19.1% vs 17.6%). Additional upward pressure came from clothing and footwear (3.5% vs 2.5%); furnishings and household equipment (9.9% vs 9.4%), health (4.2% vs 3.7%); communication (5.2% vs 4.3%); and miscellaneous goods and services (8.4% vs 7.9%). Meanwhile, prices eased slightly for housing and utilities (15.6% vs 15.7%). Core consumer prices, which excludes volatile items such as energy and food, jumped to an all-time high of 12.1% year-on-year, beating market estimates of 11.9%. On a monthly basis, consumer prices advanced 1.6%, accelerating from a 1.5% rise in the prior month and beating market estimates of a 1.5% rise. source: Statistical Office of the Slovak Republic
Inflation Rate in Slovakia averaged 2.97 percent from 2002 until 2022, reaching an all time high of 12.60 percent in May of 2022 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 June of 2022.
Inflation Rate in Slovakia is expected to be 12.00 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 5.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.