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.

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Slovakia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-13 07:00 AM Apr 11.8% 10.4% 11.6% 11.7%
2022-06-14 07:00 AM May 12.6% 11.8% 12.5% 12.4%
2022-07-14 07:00 AM Jun 12.6%


Related Last Previous Unit Reference
Inflation Rate 12.60 11.80 percent May 2022
Inflation Rate Mom 1.60 1.50 percent May 2022
Consumer Price Index CPI 203.50 200.30 points May 2022
Harmonised Consumer Prices 123.82 122.06 points May 2022
Core Inflation Rate 12.10 11.10 percent May 2022
Core Consumer Prices 146.70 144.00 points May 2022
GDP Deflator 115.55 111.71 points Mar 2022
Producer Prices 147.50 138.90 points Apr 2022
Export Prices 102.50 100.90 points Jan 2022
Import Prices 103.70 100.40 points Jan 2022
Food Inflation 16.00 13.90 percent May 2022
CPI Transportation 161.20 158.60 points May 2022
CPI Housing Utilities 295.20 291.80 points May 2022
Producer Prices Change 48.70 36.70 percent Apr 2022

Slovakia Inflation Rate
In Slovakia, the most important category in the consumer price index is Housing and Utilities (27.1 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.6 percent; Recreation and Culture for 8.7 percent; Miscellaneous Goods and Services for 8 percent; Transport for 7.4 percent and Furniture, Household Goods and Maintenance for 6.7 percent. Restaurants and Hotels; Alcoholic beverages and Tobacco; Health; Clothing and Footwear; Communication and Education account for the remaining 25.5 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
12.60 11.80 12.60 -0.90 2002 - 2022 percent Monthly
2005=100

News Stream
Slovakia May Inflation Rate Hits Fresh Peak
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.
2022-06-14
Slovakia April Inflation Rate Hits Fresh High
The annual inflation rate in Slovakia climbed to an all-time high of 11.8 percent in April of 2022 from 10.4 percent in the previous month, beating market expectations of 11.6 percent. Prices rose sharply for housing & utilities (15.7 percent vs 14.4 percent in March) amid rising energy prices; food & non-alcoholic beverages (13.9 percent vs 11.7percent); and transport (19 percent vs 14.4 percent). Additional upward pressure came from recreation and culture (7.3 percent vs 6.9 percent); miscellaneous goods and services (7.9 percent vs 6.8 percent); and household furnishings and equipment (9.4 percent vs 8 percent). Core consumer prices, which excludes volatile items such as energy and food, jumped to an all-time high of 11.1 percent year-on-year, beating market estimates of 11 percent. On a monthly basis, consumer prices advanced 1.5 percent, slowing from a 1.7 percent rise in the prior month but beating market estimates of a 1.4 percent rise.
2022-05-13
Slovakia March Inflation Rate Hits Record High
The annual inflation rate in Slovakia climbed to an all-time high of 10.4 percent in March of 2022 from 9 percent in the previous month, beating market expectations of 10.3 percent. Prices rose sharply for housing & utilities (14.4 percent vs 13.2 percent in February) amid rising energy prices; food & non-alcoholic beverages (12 percent vs 9.6 percent) on account of higher prices of oils and fats (+26.0%) and vegetables (+24.7%). Additional upward pressure came from recreation and culture (6.9 percent vs 6.6 percent); miscellaneous goods and services (6.8 percent vs 4.4 percent); and household furnishings and equipment (8 percent vs 6.9 percent). Core consumer prices, which excludes volatile items such as energy and food, jumped to an all-time high of 9.5 percent year-on-year, matching market estimates. On a monthly basis, consumer prices advanced 1.7 percent, accelerating from a 1 percent gain in February and beating market expectations of a 1.6 percent rise.
2022-04-14