The annual inflation rate in Slovakia was unchanged at 1.4 percent in September of 2020, the same as in August and remaining the lowest rate since July of 2017. Upward pressure came mainly from prices for housing and energy (2.6 percent), namely electricity (8.8 percent) and garbage collection (15 percent); miscellaneous goods and services (4.6 percent); restaurants and hotels (4.4 percent) and health care (3.7 percent). Food prices edged up 0.1 percent only and transport prices fell at a faster 6.4 percent. On a monthly basis, consumer prices were flat.

Inflation Rate in Slovakia averaged 2.81 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 October of 2020. source: Statistical Office of the Slovak Republic

Inflation Rate in Slovakia is expected to be 1.40 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 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
1.40 1.40 9.80 -0.90 2002 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-14 07:00 AM Jun 1.8% 2% 2% 2.2%
2020-08-13 07:00 AM Jul 1.7% 1.8% 1.7% 1.9%
2020-09-14 07:00 AM Aug 1.4% 1.7% 1.5% 1.5%
2020-10-14 07:00 AM Sep 1.4% 1.4% 1.4% 1.4%
2020-11-13 08:00 AM Oct 1.4%
2020-12-14 08:00 AM Nov


News Stream
Slovakia Inflation Rate Stuck at 3-Year Low
The annual inflation rate in Slovakia was unchanged at 1.4 percent in September of 2020, the same as in August and remaining the lowest rate since July of 2017. Upward pressure came mainly from prices for housing and energy (2.6 percent), namely electricity (8.8 percent) and garbage collection (15 percent); miscellaneous goods and services (4.6 percent); restaurants and hotels (4.4 percent) and health care (3.7 percent). Food prices edged up 0.1 percent only and transport prices fell at a faster 6.4 percent. On a monthly basis, consumer prices were flat.
2020-10-14
Slovakia Inflation Rate Drops to Over 3-Year Low in August
Slovakia's annual inflation rate fell to 1.4 percent in August 2020 from 1.7 percent in the previous month and below market expectations of 1.5 percent. It was the lowest inflation rate since July 2017, as prices eased for food & non-alcoholic beverages (1 percent vs 2.1 percent in July); miscellaneous goods & services (4.6 percent vs 4.7 percent); clothing & footwear (0.3 percent vs 0.5 percent); and alcoholic beverages & tobacco (0.3 percent vs 0.5%). Additionally, cost of transport dropped further (-5 percent from -3.9 percent). Meantime, inflation was steady for housing & utilities (at 2.8 percent). Core consumer prices, which exclude volatile items such as energy and food, rose 1.5 percent, slowing from a 1.8 percent gain in July and compared with consensus of a 1.6 percent increase. On a monthly basis, both consumer prices and the core index were down 0.1 percent.
2020-09-14
Slovak July Inflation Rate at Near 3-Year Low of 1.7%
Slovakia's consumer price inflation edged down for the fifth straight month to 1.7 percent in July of 2020 from 1.8 percent in June, matching market expectations. It was the lowest inflation rate since October of 2007, as prices slowed mostly for food & non-alcoholic beverages (2.1 percent vs 2.6 percent in June) and recreation & culture (1 percent vs 1.8 percent), while transport costs decreased (-3.9 percent vs -5.4 percent). Core consumer prices, which exclude volatile items such as energy and food, rose 1.8 percent in July, the same pace as in June and slightly above market estimates of 1.7 percent. On a monthly basis, both consumer prices and the core index were up 0.1 percent, in line with market consensus.
2020-08-13
Slovakia Inflation Rate Slows to 2-1/2-Year Low
Slovakia's consumer price inflation fell to 1.8 percent year-on-year in June 2020, the lowest since October 2017 and below market expectations of 2.0 percent. Prices rose at a slower pace for food & non-alcoholic beverages (2.6 percent vs 4.8 percent) and recreation & culture (1.8 percent vs 2.7 percent), while housing & utilities inflation was unchanged at 2.6 percent and transport prices continued to fall (-5.4 percent vs -7.6 percent). Meanwhile, cost rose faster for household goods & maintenance (1.8 percent vs 1.4 percent) and miscellaneous goods & services (4.6 percent vs 3.8 percent). Core consumer prices, which exclude volatile items such as energy and food, rose 1.8 percent in June, easing from a 2.0 percent increase in May. On a monthly basis, both consumer prices and the core index dropped 0.1 percent.
2020-07-14

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.