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.


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Slovakia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 9.80 -0.90 2002 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-14 08:00 AM Oct 2.7% 2.9% 2.8% 2.8%
2019-12-13 08:00 AM Nov 3% 2.7% 3% 2.9%
2020-01-14 08:00 AM Dec 3% 3% 3% 3%
2020-02-14 08:00 AM Jan 3% 3% 3% 2.9%
2020-03-13 08:00 AM Feb 3%
2020-04-15 07:00 AM Mar 2.5%
2020-05-15 07:00 AM Apr
2020-06-15 07:00 AM May


News Stream
Slovakia January Inflation Rate Steady at 7-Year High of 3%
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.
2020-02-14
Slovakia Inflation Rate Steady at 7-Year High
Slovakia's consumer price inflation was unchanged at 3.0 percent year-on-year in December of 2019, the highest since December of 2012. Prices advanced faster for recreation & culture (2.4 percent vs 2.3 percent in November); transport (3.6 percent vs 0.8 percent) and clothing & footwear (0.6 percent vs 0.4 percent). On the other hand, cost slowed for housing & utilities (2.9 percent vs 3.7 percent); food & non-alcoholic beverages (5.2 percent vs 5.3 percent) and furniture & household equipment (1.3 percent vs 1.8 percent) while inflation was steady for miscellaneous goods & services (at 3.5 percent) and health (at 1.0 percent). On a monthly basis, consumer prices dropped 0.1 percent, after a 0.2 percent gain in November.
2020-01-14
Slovak Inflation Rate at Near 7-Year High of 3%
Annual inflation rate in Slovakia rose to 3.0 percent in November 2019 from 2.7 percent in the previous month, in line with market estimates. It was the highest inflation rate since December 2012, as prices advanced faster for food & non-alcoholic beverages (5.3 percent vs 4.8 percent in October); recreation & culture (2.3 percent vs 1.8 percent); alcoholic beverages & tobacco (3.0 percent vs 2.7 percent) and furnishings (1.8 percent vs 1.6 percent). In addition, cost rebounded for transport (0.8 percent vs -1.2 percent). On the other hand, inflation slowed mostly for housing & utilities (3.7 percent vs 3.8 percent); communication (1.8 percent vs 2.3 percent) and miscellaneous goods & services (3.5 percent vs 4 percent). On a monthly basis, consumer prices went up 0.2 percent, after dropping 0.1 percent in the prior month and matching market expectations.
2019-12-13
Slovakia Annual Inflation Rate at 4-Month Low
Annual inflation rate in Slovakia decreased to 2.7 percent in October of 2019 from 2.9 percent in the previous month and below market expectations of a 2.8 percent gain. It was the lowest inflation rate since June, as cost slowed for food & non-alcoholic beverages (2.7 percent vs 2.8 percent); furniture & household equipment (1.6 percent vs 1.8 percent) and alcoholic beverages & tobacco (2.7 percent vs 2.8 percent) while transport cost fell (-1.2 percent vs 0.4 percent). On the other hand, inflation was steady for housing & utilities (at 3.8 percent) while prices advanced faster for recreation & culture (1.8 percent vs 1.6 percent); miscellaneous goods & services (4.0 percent vs 3.8 percent) and restaurants & hotels (1.6 percent vs 1.3 percent). On a monthly basis, consumer prices went down 0.1 percent, following a 0.1 gain in September and in line with market expectations.
2019-11-14

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.