Slovakia Inflation November 2021


Slovakia: Inflation comes in at highest level since December 2004 in November

December 17, 2021

Consumer prices rose 0.54% from the previous month in November, broadly stable from October's 0.59% increase. November's result marked the weakest reading since August. The reading was driven by moderating price pressures for housing and utilities and transportation. In addition, prices for health dropped.

Inflation came in at 5.6% in November, which was up from October’s 5.1%. November's reading marked the highest inflation rate since December 2004. Annual average inflation rose to 2.8% in November (October: 2.5%). Finally, harmonized inflation rose to 4.8% in November, from October’s 4.4%.

FocusEconomics panelists project harmonized inflation to average 3.5% in 2022, which is up 0.5 percentage points from last month’s forecast, and 2.4% in 2023.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.


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Slovakia Inflation Chart

Slovakia Inflation November 2021 0

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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