Consumer prices in Slovakia climbed 2.9 percent year-on-year in June of 2021, following a 2.2 percent rise in the previous month and beating market expectations of a 2.6 percent increase. It was the highest inflation rate since February of 2020, mainly driven by prices of transport (9.9 percent vs 10.7 percent in May), partly due to low base year effects; and alcoholic beverages & tobacco (8.3 percent vs 7.7 percent). Additional upward pressure came from prices of food & non-alcoholic beverages (1.4 percent vs -0.8 percent); housing & utilities (1.2 percent vs 0.1 percent); communication (6.6 percent, the same as in May); restaurants & hotels (3.5 percent vs 3.3 percent); and miscellaneous goods & services (1.9 percent vs 2.9 percent). On a monthly basis, consumer prices inched up 0.6 percent, easing from a 0.8 percent increase in the prior month and beating market estimates of a 0.4 percent rise. source: Statistical Office of the Slovak Republic

Inflation Rate in Slovakia averaged 2.76 percent from 2002 until 2021, 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 August of 2021.

Inflation Rate in Slovakia is expected to be 2.80 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 1.80 in 12 months time. In the long-term, the Slovakia Inflation Rate is projected to trend around 1.70 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Slovakia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.20 9.80 -0.90 2002 - 2021 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-14 07:00 AM Mar 1.4% 0.9% 1.4% 1.3%
2021-05-13 07:00 AM Apr 1.6% 1.4% 1.6% 1.7%
2021-06-15 07:00 AM May 2.2% 1.6% 1.9% 1.8%
2021-07-14 07:00 AM Jun 2.9% 2.2% 2.6% 2.6%
2021-08-13 07:00 AM Jul 2.9%
2021-09-14 07:00 AM Aug
2021-10-14 07:00 AM Sep
2021-11-12 08:00 AM Oct


News Stream
Slovakia Inflation Rate at 16-Month High
Consumer prices in Slovakia climbed 2.9 percent year-on-year in June of 2021, following a 2.2 percent rise in the previous month and beating market expectations of a 2.6 percent increase. It was the highest inflation rate since February of 2020, mainly driven by prices of transport (9.9 percent vs 10.7 percent in May), partly due to low base year effects; and alcoholic beverages & tobacco (8.3 percent vs 7.7 percent). Additional upward pressure came from prices of food & non-alcoholic beverages (1.4 percent vs -0.8 percent); housing & utilities (1.2 percent vs 0.1 percent); communication (6.6 percent, the same as in May); restaurants & hotels (3.5 percent vs 3.3 percent); and miscellaneous goods & services (1.9 percent vs 2.9 percent). On a monthly basis, consumer prices inched up 0.6 percent, easing from a 0.8 percent increase in the prior month and beating market estimates of a 0.4 percent rise.
2021-07-14
Slovak May Inflation Rate at Over 1-Year High
Slovakia's annual inflation rate picked up to 2.2% in May of 2021 from 1.6% in April, above market expectations of 1.9%. It was the highest inflation rate since March of 2020, mainly driven by prices of transport (10.7% vs 9.3% in April), of which fuels, reflecting not only a gradual rise in prices but also a base effect as fuel costs fell sharply a year ago in May due to the peak of the first wave of the pandemic. Additional upward pressure came from prices of alcoholic beverages & tobacco (7.7% vs 8.7%); communication (6.6% vs 6.5%); education (3.6% vs 3.4%); restaurants & hotels (3.3% vs 2.7%) and miscellaneous goods & services (2.9% vs 2.5%). Meanwhile, costs continued to fall for food & non-alcoholic beverages (-0.8% vs -1.1%). On a monthly basis, consumer prices inched up 0.8%, following a 0.2% increase in the prior month and beating market estimates of a 0.6% rise.
2021-06-15
Slovakia Inflation Rate Quickens to 4-Month High
Slovakia's annual inflation rate inched higher to 1.6 percent in April of 2021 from 1.4 percent in the previous month, in line with market expectations. It was the fastest increase in consumer prices since December of 2020, mainly supported by prices of transports (9.3 percent vs 5.2 percent in March); alcoholic beverages & tobacco (8.7 percent vs 8.1 percent); miscellaneous goods & services (2.5 percent vs 2.2 percent); communication (6.5 percent vs 6.6 percent); restaurants & hotels (2.7 percent vs 2.9 percent); recreation & culture (1.6 percent vs 2.0 percent); and furniture, furnishings, & routine household maintenance (1.3 percent vs 1.4 percent). On a monthly basis, consumer prices edged higher by 0.2 percent, after a 0.5 percent gain in the prior month and also matched market consensus.
2021-05-13
Slovakia Inflation Rate Rises to 3-Month High
Slovakia's consumer price inflation rate rose to 1.4 percent year-on-year in March of 2021 from 0.9 percent in the previous month, in line with market expectations. Main upward pressure came from prices of transports (5.2 percent vs 1.0 percent in February); alcoholic beverages & tobacco (8.1 percent vs 0.7 percent); furniture, furnishings, and routine household maintenance (1.4 percent vs 1.3 percent); education (3.5 percent, the same as in February); healthcare (2.6 percent vs 2.9 percent); and recreation & culture (2.0 percent vs 2.1 percent). On a monthly basis, consumer prices advanced 0.5 percent, after a 0.3 percent increase and matching market consensus.
2021-04-14

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.