Inflation in Slovakia

Slovakia Inflation | Economic News & Forecasts

Slovakia - Inflation

Inflation comes in at highest level since December 2004 in November

Consumer prices rose 0.54% from the previous month in November, broadly stable from October's 0.59% increase. November's result marked the weakest reading since August. The reading was driven by moderating price pressures for housing and utilities and transportation. In addition, prices for health dropped.

Inflation came in at 5.6% in November, which was up from October’s 5.1%. November's reading marked the highest inflation rate since December 2004. Annual average inflation rose to 2.8% in November (October: 2.5%). Finally, harmonized inflation rose to 4.8% in November, from October’s 4.4%.

FocusEconomics panelists project harmonized inflation to average 3.5% in 2022, which is up 0.5 percentage points from last month’s forecast, and 2.4% in 2023.FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 3.0% in 2022, which is up 0.5 percentage points from last month’s estimate, and 2.2% 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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