Inflation rate in Slovakia eased to 2.3 percent in April of 2019 from 2.7 percent in the previous month and below market consensus of a 2.4 percent increase. Prices slowed for housing & utilities (4.1 percent vs 4.2 percent in March); food & non-alcoholic beverages (2.9 percent vs 3.1 percent); miscellaneous goods & services (2.7 percent vs 2.9 percent); furniture & household equipment (1.5 percent vs 1.6 percent); restaurants & hotels (3.6 percent vs 3.7 percent) and alcoholic beverages & tobacco (1.8 percent vs 4.4 percent) while transport cost fell (-1.6 percent vs 0.9 percent). On the other hand, prices advanced faster for recreation & culture (1.4 percent vs 0.2 percent); health (2.4 percent vs 2.1 percent) and education (1.0 percent vs 0.9 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.6 percent rise in March. Inflation Rate in Slovakia averaged 2.84 percent from 2002 until 2019, 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.
Inflation Rate in Slovakia is expected to be 2.40 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 2.00 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.