Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Slovakia
Harmonized consumer price inflation averaged 3.4% in the ten years to 2024. The 2024 average figure was 3.1%. For more inflation information, visit our dedicated page.
Slovakia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Slovakia from 2014 to 2024.
Source: Macrobond.
Slovakia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.0 | 2.8 | 12.1 | 11.1 | 3.1 |
| Inflation (CPI, ann. var. %, eop) | 1.6 | 5.8 | 15.4 | 5.9 | 2.9 |
| Inflation (HICP, ann. var. %, eop) | 1.6 | 5.1 | 15.0 | 6.6 | 3.2 |
| Inflation (PPI, ann. var. %, aop) | 0.9 | 5.5 | 43.3 | 5.3 | -10.1 |
Harmonized inflation stabilizes in July
Latest reading: Harmonized inflation came in at 4.6% in July, unchanged from June’s figure. Looking at the details of the release, the reading was driven by rising prices for food and non-alcoholic beverages and housing and utilities. Conversely, price pressures for transport eased. Still, the trend pointed up slightly, with annual average harmonized inflation coming in at 3.9% in July (June: 3.7%). Meanwhile, consumer price inflation ticked up to 4.4% in July from June’s 4.3%. Finally, harmonized consumer prices increased 0.35% from the previous month in July, picking up from the 0.27% increase logged in June.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovak inflation projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Slovak inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovak inflation projections.
Want to get access to the full dataset of Slovak inflation forecasts? Send an email to info@focus-economics.com.
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