Slovakia's annual inflation stood for the second consecutive month at 3 percent in January 2020, the highest level since December 2012. Prices rose further for recreation & culture (2.9 percent vs 2.4 percent in December); transport (5.6 percent vs 3.6 percent); furnishings (1.7 percent vs 1.3 percent); restaurants & hotels (2 percent vs 1.5 percent); education (4.9 percent vs 4.5 percent); communication (2.1 percent vs 1.8 percent) and health (1.4 percent vs 1 percent). Meanwhile, costs slowed for food & non-alcoholic beverages (4.4 percent vs 5.3 percent); housing & utilities (2.8 percent vs 2.9 percent); miscellaneous goods & services (3.2 percent vs 3.5 percent) and alcoholic beverages & tobacco (1.9 percent vs 2.5 percent). On a monthly basis, consumer prices inched up 1.2 percent, the most since January 2012, compared to market expectations and previous month's figure of -0.1 percent.
Inflation Rate in Slovakia averaged 2.84 percent from 2002 until 2020, reaching an all time high of 9.80 percent in November of 2003 and a record low of -0.90 percent in July of 2016. This page provides - Slovakia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Office of the Slovak Republic
Inflation Rate in Slovakia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Slovakia to stand at 2.40 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 2.30 percent in 2021, according to our econometric models.