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Slovakia Inflation

Slovakia Inflation

Inflation in Slovakia

Harmonized consumer price inflation averaged 2.4% in the ten years to 2022. The 2022 average figure was 12.1%. 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 2023.
Source: Slovakia Statistical Office.

Slovakia Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 2.5 2.8 2.0 2.8 12.1
Inflation (CPI, ann. var. %, eop) 1.9 3.0 1.6 5.8 15.4
Inflation (HICP, ann. var. %, eop) 1.9 3.2 1.6 5.1 15.0
Inflation (PPI, ann. var. %, aop) 2.6 1.9 -0.3 6.8 29.3

Harmonized inflation falls to over two-year low in March

Harmonized inflation eased to 2.7% in March from February’s 3.8%. March's figure represented the lowest inflation rate since June 2021. The softer rise was primarily due to lower growth in prices for food and non-alcoholic beverages. Moreover, prices for recreation grew at a more subdued pace. In addition, the trend pointed down, with annual average harmonized inflation coming in at 8.2% in March (February: 9.2%). Meanwhile, consumer price inflation fell to 2.3% in March, from the previous month's 3.4%. Finally, harmonized consumer prices increased 0.13% over the previous month in March, a smaller increase than February's 0.57% increase.

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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