Inflation in Slovakia

Slovakia Inflation | Economic News & Forecasts

Slovakia - Inflation

Inflation comes in at highest level since 2000 in June

Consumer prices rose 1.20% over the previous month in June, coming in below May's 1.60% rise. June's result marked the weakest reading since February. The cooling of price pressures was largely due to slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities, and health services grew at a more subdued pace.

Inflation came in at 13.2% in June, which was up from May’s 12.6%. June's figure represented the highest inflation rate since June 2000. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.8% in June (May: 6.9%). Lastly, harmonized inflation rose to 12.6% in June, from the previous month's 11.8%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 10.1% in 2022, which is up 0.6 percentage points from last month’s estimate, and 5.5% in 2023.

Slovakia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.3  -0.5  1.3  2.5  2.7  

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Slovakia 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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