Inflation in Slovakia

Slovakia Harmonized Inflation | Economic News & Forecasts

Slovakia - Harmonized Inflation

Inflation comes in at highest level since October 2008 in October

Consumer prices rose 0.59% in October over the previous month, slowing down from September's 0.82% increase. The cooling of price pressures was primarily driven by a softer rise in prices for food and non-alcoholic beverages.

Inflation increased to 5.1% in October, above September’s 4.6%. October's reading represented the highest inflation rate since October 2008. Annual average inflation rose to 2.5% in October (September: 2.2%). Finally, harmonized inflation rose to 4.4% in October, from the previous month's 4.0%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 3.0% in 2022, which is up 0.5 percentage points from last month’s estimate, and 2.2% in 2023.

Slovakia - Harmonized Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)-0.3  -0.5  1.4  2.5  2.8  

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Slovakia Harmonized Inflation Chart

Slovakia Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.

Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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