Latest reading: Consumer prices were up 1.3% in annual terms in October, following a 1.5% rise in the prior month....
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
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.0 | 2.8 | 12.1 | 11.1 | 3.1 |
| Inflation (CPI, ann. var. %, eop) | 1.6 | 5.8 | 15.4 | 5.9 | 2.9 |
| Inflation (HICP, ann. var. %, eop) | 1.6 | 5.1 | 15.0 | 6.6 | 3.2 |
| Inflation (PPI, ann. var. %, aop) | 0.9 | 5.5 | 43.3 | 5.3 | -10.1 |
Inflation picks up in September from the prior month
Latest reading: Harmonized consumer prices rose 4.6% in annual terms in September, following a 4.4% rise in the prior month. Relative to the previous month's data, there were higher price pressures for transportation (+4.3% in annual terms vs +2.1% in August), recreation (+5.5% vs +4.6% in August) and restaurants and hotels (+9.4% vs +9.3% in August). In contrast, there were reduced price pressures for food and non-alcoholic beverages (+3.6% vs +3.9% in August) and housing and utilities (+2.8% vs +3.1% in August). Meanwhile, consumer prices increased 4.3% in September, following a 4.2% increase in the previous month. Finally, harmonized consumer prices were up 0.19% in September in month-on-month terms, following a 0.10% increase in the previous 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 16 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.
Latest Global Inflation News
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Guatemala: Inflation ebbs in October from September -
Ukraine: Inflation slows in October from the prior month Latest reading: Consumer prices were up 10.9% in annual terms in October, following a 11.9% rise in the prior month.... -
Greece: Inflation slows in October from the prior month Latest reading: Harmonized consumer prices rose 1.6% on a year-on-year basis in October, following a 1.8% rise in the prior... -
Vietnam: Inflation slows in October from the prior month Latest reading: Consumer prices were up 3.2% on a year-on-year basis in October, coming after a 3.4% rise in the... -
Denmark: Inflation ticks down in October Latest reading: Consumer prices were up 2.1% in annual terms in October, following a 2.3% increase in the previous month.... -
China: Inflation returns in October Latest reading: Consumer prices rose 0.2% in annual terms in October, following a 0.3% decline in the previous month and... -
Mexico: Inflation slows in October from September Latest reading: Consumer prices were up 3.6% on a year-on-year basis in October, following a 3.8% increase in the previous...