Inflation Slovakia 1998
Average inflation: 6.7%
Current Inflation
Inflation is very high at 6.7%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 7.6%. The lowest inflation was in December at 5.6%.
- Highest month
- February: 7.6%
- Lowest month
- December: 5.6%
- Difference
- 2.0 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 5.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 5.9%.
- Highest increase
- Food and non-alcoholic beverages: 5.9%
- Lowest increase
- Food and non-alcoholic beverages: 5.9%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 8.4%.
- 5-year average
- 8.4%
- 10-year average
- 10.9%
- All-time high (1993)
- 23.2%
- All-time low (1996)
- 5.8%
Trend
Inflation has remained relatively stable. Compared to 1997, the difference is minimal (+0.6 percentage point).
- Change vs. previous year
- +0.6 percentage points
- Largest monthly swing
- February: +1.7 percentage points
ECB Target
Inflation is 4.7% 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 €106.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 7.2% | +1.3 |
| February | 7.6% | +1.7 |
| March | 7.3% | +1.1 |
| April | 7.0% | +0.5 |
| May | 7.6% | +1.4 |
| June | 7.4% | +1.1 |
| July | 6.9% | +0.8 |
| August | 5.7% | -0.7 |
| September | 5.8% | 0.0 |
| October | 6.1% | +0.2 |
| November | 5.9% | -0.3 |
| December | 5.6% | -0.8 |
| Average | 6.7% |
Data source
Data from OECD. Last updated: 17/12/2025.