Inflation Slovakia 1994
Average inflation: 13.5%
Current Inflation
Inflation is very high at 13.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 16.3%. The lowest inflation was in December at 11.6%.
- Highest month
- January: 16.3%
- Lowest month
- December: 11.6%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 17.1%. The lowest price increase was in Food and non-alcoholic beverages with an average of 17.1%.
- Highest increase
- Food and non-alcoholic beverages: 17.1%
- Lowest increase
- Food and non-alcoholic beverages: 17.1%
Historical Context
Current inflation is 4.9% lower than the 5-year average of 18.4%. This approaches the lowest level since records began (13.5% in 1994).
- 5-year average
- 18.4%
- 10-year average
- 18.4%
- All-time high (1993)
- 23.2%
- All-time low (1994)
- 13.5%
Trend
Inflation shows a downward trend. Compared to 1993, inflation has fallen by +9.7 percentage point.
- Change vs. previous year
- -9.7 percentage points
- Largest monthly swing
- September: -14.8 percentage points
ECB Target
Inflation is 11.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €113.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 16.3% | -1.4 |
| February | 15.3% | -4.0 |
| March | 14.7% | -5.7 |
| April | 13.8% | -7.9 |
| May | 13.9% | -8.2 |
| June | 14.0% | -9.5 |
| July | 13.6% | -10.3 |
| August | 12.4% | -13.7 |
| September | 12.3% | -14.8 |
| October | 12.1% | -14.2 |
| November | 11.7% | -13.8 |
| December | 11.6% | -13.5 |
| Average | 13.5% |
Data source
Data from OECD. Last updated: 17/12/2025.