Slovakia Inflation March 2022

Slovakia

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

April 18, 2022

Consumer prices rose 1.70% over the previous month in March, accelerating from February's 0.90% rise. Looking at the details of the release, transportation prices rose at a quicker pace in March compared to the previous month and price pressures for housing and utilities picked up pace.

Inflation rose to 10.4% in March, above February’s 9.0%. March's figure was the highest inflation rate since June 2000. Annual average inflation rose to 5.2% in March (February: 4.5%). Lastly, harmonized inflation rose to 9.6% in March, from February’s 8.3%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 7.5% in 2022, which is up 2.5 percentage points from last month’s estimate, and 3.4% in 2023.


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Slovakia Inflation March 2022 1

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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