Latest reading: Consumer prices increased 5.8% in annual terms in May, following a 5.7% rise in the prior month. May’s...
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 2025.
Source: Macrobond.
Slovakia Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.8 | 12.1 | 11.0 | 3.2 | 4.2 |
| Inflation (CPI, ann. var. %, eop) | 5.8 | 15.4 | 5.9 | 2.9 | 3.8 |
| Inflation (HICP, ann. var. %, eop) | 5.1 | 15.0 | 6.6 | 3.2 | 4.1 |
| Inflation (PPI, ann. var. %, aop) | 5.5 | 43.3 | 5.3 | -10.1 | 0.5 |
Inflation accelerates in April from the prior month
Latest reading: Harmonized consumer prices rose 4.1% on a year-on-year basis in April, following a 3.7% rise in the prior month. Relative to the prior month's figures, price pressures were higher for transportation in April (+7.2% in annual terms vs +2.1% in March). In contrast, there were milder price pressures for food and non-alcoholic beverages (+1.0% vs +1.3% in March), housing and utilities (+9.3% vs +9.5% in March), recreation (+4.7% vs +4.9% in March) and restaurants and hotels (+5.5% vs +5.8% in March). Meanwhile, consumer prices increased 3.9% in April, following a 3.5% rise in the previous month. Lastly, harmonized consumer prices rose 0.51% in April in month-on-month terms, following a 0.01% increase in the prior month.
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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