Inflation in Slovakia
Slovakia - Harmonized Inflation
Harmonized inflation comes in at highest level since May 2000 in October
Harmonized inflation surged to 14.5% in October, above September’s 13.6%. October's result marked the highest inflation rate since May 2000. The reading was driven by rising price pressures for clothing, housing and energy and food and non-alcoholic beverages. That said, price pressures for transport fell.
The trend pointed up, with annual average harmonized inflation coming in at 10.4% in October (September: 9.6%). Meanwhile, consumer price inflation rose to 14.9% in October, from September’s 14.2%.
Finally, harmonized consumer prices increased 1.30% in October over the previous month, accelerating from September's 0.94% increase.
FocusEconomics panelists project harmonized inflation to average 8.5% in 2023, which is up 0.8 percentage points from last month’s forecast, and 3.1% in 2024.
Slovakia - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.3||-0.5||1.4||2.5||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Harmonized Inflation Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 16, 2022
Harmonized inflation surged to 14.5% in October, above September’s 13.6%.
November 15, 2022
After a downward revision over H1, flash GDP data shows that year-on-year growth moderated slightly in Q3, coming in at 1.2% (Q2: 1.3%).
November 10, 2022
Industrial output dropped 1.9% year on year in September (August: -2.0% yoy).
October 19, 2022
Harmonized inflation inched up to 13.6% in September, above August’s 13.4%.
October 10, 2022
Industrial output dropped 2.0% year on year in August (July: -6.4% yoy).