Slovakia Inflation October 2021

Slovakia

Slovakia: Inflation comes in at highest level since October 2008 in October

November 15, 2021

Consumer prices rose 0.59% in October over the previous month, slowing down from September's 0.82% increase. The cooling of price pressures was primarily driven by a softer rise in prices for food and non-alcoholic beverages.

Inflation increased to 5.1% in October, above September’s 4.6%. October's reading represented the highest inflation rate since October 2008. Annual average inflation rose to 2.5% in October (September: 2.2%). Finally, harmonized inflation rose to 4.4% in October, from the previous month's 4.0%.

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 October 2021

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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