Slovakia's annual inflation rate edged down to 2 percent in May of 2020 from 2.1 percent in April, compared to market expectations of 1.8 percent. It was the lowest inflation rate since December of 2018, as transport prices continued to plunge (-7.6 percent vs -5.9 percent). Meantime, inflation slowed for restaurants & hotels (1 percent vs 1.8 percent); furnishings (1.4 percent vs 2 percent) and clothing & footwear (0.5 percent vs 1.1 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (4.8 percent vs 4.3 percent); housing & utilities (2.6 percent vs 2.5 percent) alcoholic beverages & tobacco (1.5 percent vs 1.1 percent); health (1.5 percent vs 1.3 percent) and recreation & culture (2.7 percent vs 2.5 percent). On a monthly basis, prices went up 0.3 percent, above market consensus of a 0.1 percent gain and after being flat in the previous month.
Inflation Rate in Slovakia averaged 2.83 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. Slovakia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistical Office of the Slovak Republic
Inflation Rate in Slovakia is expected to be 1.90 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 1.20 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 1.30 percent in 2021 and 1.50 percent in 2022, according to our econometric models.