Inflation in Slovakia
Slovakia - 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 - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.3||-0.5||1.3||2.5||2.7|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Inflation Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 16, 2021
According to a preliminary estimate, GDP growth moderated to 1.3% year-on-year in the third quarter from 9.6% in the second quarter, undershooting market expectations.
November 15, 2021
Consumer prices rose 0.59% in October over the previous month, slowing down from September's 0.82% increase.
November 10, 2021
Industrial output declined 4.9% in year-on-year terms in September, which contrasted August's 0.7% increase.
October 14, 2021
Consumer prices increased 0.82% in September over the previous month, picking up from August's 0.38% rise.
October 11, 2021
Industrial production rose 0.9% year-on-year in August (July: +7.8% yoy).