Inflation in Slovakia

Slovakia Harmonized Inflation | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)-0.3  -0.5  1.4  2.5  2.8  

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Slovakia Harmonized Inflation Chart

Slovakia Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.

Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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