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.

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Slovakia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.10 9.80 -0.90 2002 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-13 08:00 AM Feb 3% 3% 2.9% 3%
2020-04-15 07:00 AM Mar 2.3% 3% 2.4% 2.2%
2020-05-14 07:00 AM Apr 2.1% 2.3% 1.9%
2020-06-15 07:00 AM May 2% 2.1% 1.8% 1.8%
2020-07-14 07:00 AM Jun 2% 1.9%
2020-08-13 07:00 AM Jul
2020-09-14 07:00 AM Aug
2020-10-14 07:00 AM Sep 1.4%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Slovak May Inflation Rate Drops Further to 2%
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.
2020-06-15
Slovakia Inflation Rate Eases to 2.1%, Lowest since 2018
Annual inflation rate in Slovakia eased to 2.1 percent in April of 2020 from 2.3 percent in March, reaching the lowest since December of 2018. Downward pressures came mainly from transport prices (-5.9% due to a plunge in international oil prices compared to -1.9 percent in March), and a slowdown in cost of recreation and culture (2.5 percent vs 3 percent) and miscellaneous goods and services (3.8 percent vs 4.2 percent). On the other hand, prices rose faster for food and non-alcoholic beverages (4.3 percent vs 3.7 percent), alcoholic beverages and tobacco (1.1 percent vs 0.3 percent), and clothing (1.1 percent vs 1 percent). On a monthly basis, prices were flat.
2020-05-14
Slovakia Inflation Rate Slows to Near 1-Year Low
Annual inflation rate in Slovakia declined to 2.3 percent in March of 2020 from 3 percent in February, which was the highest level since December of 2012. Figures came below market expectations of 3 percent to the lowest since April of 2019. Inflation slowed mainly for food & non-alcoholic beverages (3.7 percent vs 4.6 percent in February) and alcoholic beverages and tobacco (0.3 percent vs 2.2 percent) and prices fell for transport (-1.9 percent vs +2.9 percent). On a monthly basis, consumer prices were flat.
2020-04-15
Slovak Inflation Rate Steady at Over 7-Year High of 3%
Slovakia's annual inflation stood for the fourth straight month at 3 percent in February of 2020, the highest level since December of 2012, slightly above market expectations of 2.9 percent. Prices continued to advance for food & non-alcoholic beverages (4.6 percent vs 4.4 percent in January); miscellaneous goods & services (4.2 percent vs 3.2 percent); furnishings (2.1 percent vs 1.7 percent); education (5 percent vs 4.9 percent) and alcoholic beverages & tobacco (2.2 percent vs 1.9 percent). Meanwhile, inflation softened for transport (2.9 percent vs 5.6 percent); recreation & culture (2.6 percent vs 2.9 percent); housing & utilities (2.7 percent vs 2.8 percent) and restaurants & hotels (1.9 percent vs 2 percent). On a monthly basis, consumer prices edged up 0.1 percent, easing sharply from a 1.2 percent rise in the previous month and in line with market estimates.
2020-03-13

Slovakia Inflation Rate
In Slovakia, the most important category in the consumer price index is Housing and Utilities (27.1 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.6 percent; Recreation and Culture for 8.7 percent; Miscellaneous Goods and Services for 8 percent; Transport for 7.4 percent and Furniture, Household Goods and Maintenance for 6.7 percent. Restaurants and Hotels; Alcoholic beverages and Tobacco; Health; Clothing and Footwear; Communication and Education account for the remaining 25.5 percent of total weight.