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.

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Slovakia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.40 9.80 -0.90 2002 - 2021 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-15 08:00 AM Jan 0.7% 1.6% 0.4% 0.7%
2021-03-15 08:00 AM Feb 0.9% 0.7% 0.9% 0.9%
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 1.6%
2021-07-14 07:00 AM Jun
2021-08-13 07:00 AM Jul
2021-09-14 07:00 AM Aug


News Stream
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
Slovak February Inflation Rate Edges Up to 0.9%
Slovakia's consumer price inflation rate rose to 0.9 percent year-on-year in February of 2021 from 0.7 percent in the previous month, in line with market expectations. Main upward pressure came from prices of education (3.5 percent vs 3 percent in January); restaurants & hotels (3 percent vs 3.4 percent); transport (1 percent vs -2.3 percent) and clothing & footwear (1.7 percent vs 1.2 percent). On a monthly basis, consumer prices increased 0.3 percent, the same pace as in the previous month and matching market consensus.
2021-03-15
Slovak Inflation Rate Slows to 4-Year Low
Slovakia's consumer price inflation rate fell to 0.7 percent year-on-year in January 2021, from 1.6 percent in the previous month but above market consensus of 0.4 percent. It was the lowest rate since January 2017, due to declines in cost for housing and utilities (-1.1 percent vs 2.4 percent in December), food and non-alcoholic beverages (-0.5 percent vs 0.6 percent), and transportation (-2.3 percent vs -3.4 percent). At the same time, miscellaneous goods and services inflation slowed to 3.4 percent from 4.1 percent. On a monthly basis, consumer prices rose 0.3 percent in January, beating forecasts of a flat reading.
2021-02-15

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.