Inflation, CPI (Average) fell to 2.22% in Slovakia in 2019

Inflation, CPI (Average) (%)
Economy | Slovakia | May 1, 2020
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Average inflation measured by CPI reached 2.22 % in 2019 in Slovakia, according to the National Statistical Office. This is 16.4 % less than in the previous year.

Historically, average inflation measured by CPI in Slovakia reached an all time high of 2.65 % in 2018 and an all time low of -0.005 % in 2016. When compared to Slovakia's main peers, average inflation measured by CPI in Austria amounted to 2.07 %, 2.32 % in Czech Republic, 3.26 % in Hungary and 2.83 % in Poland in 2019.

Slovakia has been ranked 118th within the group of 174 countries we follow in terms of average inflation measured by CPI.

Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Austria % 0.021% 1.96% 2.07% 2.10% 2.10%
Czech Republic % 0.025% 2.33% 2.32% 2.00% 2.00%
Germany % 0.015% 1.81% 1.78% 2.08% 2.29%
Hungary % 0.023% 2.81% 3.26% 2.97% 2.95%
Italy % 0.012% 1.35% 1.42% 1.48% 1.58%
Poland % 0.021% 1.99% 2.83% 2.50% 2.50%
Russia % 0.037% 2.83% 5.09% 4.80% 4.80%
Slovakia % 0.013% 2.65% 2.22% 2.03% 2.03%
Switzerland % 0.005% 1.08% 1.37% 1.00% 1.00%
Ukraine % 0.144% 10.9% 7.33% 5.97% 5.85%