Slovakia Inflation February 2022

Slovakia

Slovakia: Inflation comes in at highest level since December 2003 in February

March 17, 2022

Consumer prices increased 0.90% from the previous month in February, after January's 2.70% rise. The moderation was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, housing and utilities, and transportation.

Inflation rose to 9.0% in February, above January’s 8.4%. February's result marked the highest inflation rate since December 2003. Annual average inflation rose to 4.5% in February (January: 3.8%). Finally, harmonized inflation rose to 8.3% in February, from the previous month's 7.7%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 5.0% in 2022, which is up 0.7 percentage points from last month’s estimate, and 2.5% in 2023.


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Slovakia Inflation February 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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