Inflation Slovakia 2002
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 6.0%. The lowest inflation was in July at 2.0%.
- Highest month
- January: 6.0%
- Lowest month
- July: 2.0%
- Difference
- 4.0 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 1.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.5%.
- Highest increase
- Food and non-alcoholic beverages: 1.5%
- Lowest increase
- Food and non-alcoholic beverages: 1.5%
Historical Context
Current inflation is 4.9% lower than the 5-year average of 8.0%. This approaches the lowest level since records began (3.1% in 2002).
- 5-year average
- 8%
- 10-year average
- 9.8%
- All-time high (1993)
- 23.2%
- All-time low (2002)
- 3.1%
Trend
Inflation shows a downward trend. Compared to 2001, inflation has fallen by +4.2 percentage point.
- Change vs. previous year
- -4.2 percentage points
- Largest monthly swing
- July: -6.1 percentage points
ECB Target
Inflation is 1.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 6.0% | -1.7 |
| February | 3.9% | -2.7 |
| March | 3.2% | -3.9 |
| April | 3.1% | -4.5 |
| May | 3.0% | -4.6 |
| June | 2.3% | -5.7 |
| July | 2.0% | -6.1 |
| August | 2.7% | -5.1 |
| September | 2.8% | -4.6 |
| October | 2.7% | -4.3 |
| November | 2.8% | -3.7 |
| December | 3.3% | -3.3 |
| Average | 3.1% |
Data source
Data from OECD. Last updated: 17/12/2025.