Slovakia Inflation June 2022

Slovakia

Slovakia: Inflation comes in at highest level since 2000 in June

July 21, 2022

Consumer prices rose 1.20% over the previous month in June, coming in below May's 1.60% rise. June's result marked the weakest reading since February. The cooling of price pressures was largely due to slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities, and health services grew at a more subdued pace.

Inflation came in at 13.2% in June, which was up from May’s 12.6%. June's figure represented the highest inflation rate since June 2000. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.8% in June (May: 6.9%). Lastly, harmonized inflation rose to 12.6% in June, from the previous month's 11.8%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 10.1% in 2022, which is up 0.6 percentage points from last month’s estimate, and 5.5% in 2023.


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Slovakia Inflation June 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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