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.