Slovakia Inflation Rate
Slovakia's inflation rate rose to 4.3% in September 2025 from 4.2% in August 2025. This increase occurred alongside strong wage growth; average nominal wages grew by 8.8% year-over-year in the second quarter of 2025 while real wages increased by 4.5%. Expected nominal wage growth of nearly 5% annually from 2025-2027, fueled by a tight labor market, is contributing to inflationary pressures. Slovakia's record low inflation rate was -0.92% in July 2016 and record high was 15.4% in November 2022.
Monthly Historical Data (2015-2025)
(in %)Recent Events
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Slovakia Inflation Rate : Definition
Slovakia's inflation rate measures the general increase in prices for goods and services. It is calculated by the Statistical Office of the Slovak Republic using the Harmonised Index of Consumer Prices (HICP). The HICP tracks changes in a representative basket of consumer goods and services including food, housing and transport. The annual inflation rate is the percentage change in this index compared to the previous year.