Slovakia Inflation September 2022

Slovakia

Slovakia: Harmonized inflation comes in at highest level since June 2000 in September

October 19, 2022

Harmonized inflation inched up to 13.6% in September, above August’s 13.4%. September's result marked the highest inflation rate since June 2000. The reading was driven by rising price pressures for food and non-alcoholic beverages, as well as household equipment. Meanwhile, price pressures for transport and hospitality fell.

The trend pointed up, with annual average harmonized inflation coming in at 9.6% in September (August: 8.8%). Meanwhile, consumer price inflation ticked up to 14.2% in September, from August’s 14.0%.

Finally, harmonized consumer prices increased 0.94% in September over the previous month, accelerating from August's 0.74% increase.

FocusEconomics panelists project harmonized inflation to average 11.7% in 2022, which is up 0.6 percentage points from last month’s forecast, and 7.7% in 2023.


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Slovakia Inflation September 2022

Note: Month-on-month and year-on-year variation of consumer prices in %.
Source: Statistical Office of the Slovak Republic (SOSR).


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