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. 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 May of 2021.
Inflation Rate in Slovakia is expected to be 1.30 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 1.50 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.