Latest reading: Harmonized consumer prices were up 3.9% in annual terms in June, following a 4.9% rise in the previous...
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 eases in June from May
Latest reading: Harmonized consumer prices rose 3.5% in annual terms in June, following a 4.0% increase in the previous month. June's reading was the weakest since December 2024. Relative to the previous month's figures, there were milder price pressures for food and non-alcoholic beverages (-0.5% in annual terms vs +0.3% in May), transportation (+5.3% vs +9.4% in May) and restaurants and hotels (+4.7% vs +5.2% in May). In contrast, price pressures were higher for housing and utilities in June (+9.7% vs +9.4% in May). Finally, the variation in recreation prices was the same as in the prior month (+4.8% in June and May). Meanwhile, consumer prices were up 3.5% in June, following a 3.8% increase in the previous month. Finally, harmonized consumer prices declined 0.18% in June on a month-on-month basis, following a 0.36% 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 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
-
Greece: Inflation eases in June from the prior month -
Latvia: Inflation eases in June from May Latest reading: Harmonized inflation fell to 3.3% on a year-on-year basis in June, following 3.5% in the prior month. Relative... -
Netherlands: Inflation slows in June from the prior month Latest reading: Harmonized consumer prices rose 2.5% in annual terms in June, following a 3.4% increase in the previous month.... -
Lithuania: Inflation picks up in June from May Latest reading: Harmonized inflation rose to 5.4% in annual terms in June, following 5.1% in the previous month. June’s reading... -
Portugal: Inflation is stable in June Latest reading: Harmonized consumer prices rose 3.1% in annual terms in June, stable from the prior month’s reading. Relative to... -
Austria: Inflation decelerates in June from the prior month Latest reading: Harmonized consumer prices increased 3.2% in annual terms in June, following a 3.7% rise in the previous month.... -
Croatia: Inflation decelerates in June from the prior month Latest reading: Harmonized consumer prices increased 4.2% in annual terms in June, following a 4.9% rise in the previous month....