Latest reading: Consumer prices rose 8.8% on a year-on-year basis in August, following a 9.3% rise in the previous month....
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.8 | 12.1 | 11.1 | 3.1 | 4.2 |
| Inflation (CPI, ann. var. %, eop) | 5.8 | 15.4 | 5.9 | 2.9 | 3.8 |
| Inflation (HICP, ann. var. %, eop) | 5.1 | 15.0 | 6.6 | 3.2 | 4.1 |
| Inflation (PPI, ann. var. %, aop) | 5.5 | 43.3 | 5.3 | -10.1 | 0.5 |
Inflation decelerates in July from the prior month
Latest reading: Harmonized consumer prices increased 3.2% on a year-on-year basis in July, following a 3.5% increase in the previous month. July's reading was the weakest since September 2024. Relative to the prior month's data, there were reduced price pressures for food and non-alcoholic beverages (-2.1% on a year-on-year basis vs -0.5% in June) and housing and utilities (+9.4% vs +9.7% in June). In contrast, there were higher price pressures for transportation (+7.0% vs +5.3% in June) and recreation (+5.2% vs +4.8% in June). Finally, the change in restaurants and hotels prices was the same as in the prior month (+4.7% in July and June). Meanwhile, consumer prices rose 3.3% in July, following a 3.5% rise in the prior month. Lastly, harmonized consumer prices rose 0.08% in July on a month-on-month basis, following a 0.18% decline in the previous 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 20 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.
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