Latest reading: Consumer prices were up 2.4% on a year-on-year basis in February, unchanged from the prior month’s reading. February’s...
Inflation in Slovakia
Harmonized consumer price inflation averaged 3.4% in the ten years to 2024. The 2024 average figure was 3.1%. For more inflation information, visit our dedicated page.
Slovakia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Slovakia from 2014 to 2025.
Source: Macrobond.
Slovakia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.0 | 2.8 | 12.1 | 11.1 | 3.1 |
| Inflation (CPI, ann. var. %, eop) | 1.6 | 5.8 | 15.4 | 5.9 | 2.9 |
| Inflation (HICP, ann. var. %, eop) | 1.6 | 5.1 | 15.0 | 6.6 | 3.2 |
| Inflation (PPI, ann. var. %, aop) | 0.9 | 5.5 | 43.3 | 5.3 | -10.1 |
Inflation picks up in January from the prior month
Latest reading: Harmonized consumer prices were up 4.3% on a year-on-year basis in January, following a 4.1% rise in the prior month and ranking as the highest inflation rate in the euro area. Relative to the prior month's figures, there were higher price pressures for food and non-alcoholic beverages (+3.9% in annual terms vs +2.8% in December), housing and utilities (+9.2% vs +3.7% in December) and recreation (+5.9% vs +5.4% in December). In contrast, there were reduced price pressures for transportation (-1.8% vs +2.3% in December) and restaurants and hotels (+7.1% vs +8.9% in December). Meanwhile, consumer prices increased 4.0% in January, following a 3.8% rise in the prior month. Finally, harmonized consumer prices rose 1.97% in January on a month-on-month basis, following a 0.34% decline in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovak inflation projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Slovak inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovak inflation projections.
Want to get access to the full dataset of Slovak inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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United States: Inflation stabilizes in February -
Mexico: Inflation rises in February from the prior month Latest reading: Consumer prices were up 4.0% on a year-on-year basis in February, following a 3.8% rise in the previous... -
Belarus: Inflation hits one-year low in February Latest reading: Consumer prices increased 5.6% in annual terms in February, following a 6.4% increase in the previous month. February’s... -
Taiwan: Inflation picks up in February from January Latest reading: Consumer prices increased 1.8% in annual terms in February, following a 0.7% increase in the prior month. February’s... -
China: Inflation picks up in February from January Latest reading: Consumer prices increased 1.3% on a year-on-year basis in February, following a 0.2% increase in the previous month.... -
Colombia: Inflation eases in February from January Latest reading: Consumer prices rose 5.3% in annual terms in February, following a 5.4% increase in the prior and remain... -
Chile: Inflation eases in February from the prior month Latest reading: Consumer prices rose 2.4% on a year-on-year basis in February, following a 2.8% rise in the previous month....