Latest reading: Consumer prices rose 2.0% on a year-on-year basis in May, following a 1.8% increase 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
| 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 slows in May from April
Latest reading: Harmonized consumer prices were up 4.0% in annual terms in May, following a 4.1% rise in the prior month. Relative to the previous month's data, there were reduced price pressures for food and non-alcoholic beverages (+0.3% in annual terms vs +1.0% in April) and restaurants and hotels (+5.2% vs +5.5% in April). In contrast, there were more notable price pressures for transportation (+9.4% vs +7.2% in April), housing and utilities (+9.4% vs +9.3% in April) and recreation (+4.8% vs +4.7% in April). Meanwhile, consumer prices rose 3.8% in May, following a 3.9% rise in the prior month. Lastly, harmonized consumer prices increased 0.36% in May in month-on-month terms, following a 0.51% rise 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 20 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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Hong Kong: Inflation accelerates in May from April -
Australia: Inflation decelerates in May from the prior month Latest reading: Consumer prices were up 4.0% on a year-on-year basis in May, following a 4.2% rise in the prior... -
Canada: Inflation picks up in May from the prior month Latest reading: Consumer prices were up 3.2% in annual terms in May, following a 2.8% increase in the previous month.... -
Ireland: Inflation eases in May from April Latest reading: Harmonized consumer prices increased 3.5% on a year-on-year basis in May, following a 3.6% rise in the previous... -
Luxembourg: Inflation slows in May from April Latest reading: Harmonized consumer prices were up 4.5% in annual terms in May, following a 5.2% rise in the previous... -
Latvia: Inflation rises in May from the prior month Latest reading: Harmonized consumer prices increased 3.5% on a year-on-year basis in May, following a 2.9% increase in the prior... -
Lithuania: Inflation picks up in May from the prior month Latest reading: Harmonized consumer prices were up 5.1% on a year-on-year basis in May, following a 4.9% increase in the...