Inflation Slovakia 2003
Average inflation: 8.5%
Current Inflation
Inflation is very high at 8.5%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 9.8%. The lowest inflation was in January at 7.3%.
- Highest month
- November: 9.8%
- Lowest month
- January: 7.3%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 17.4%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of 0.7%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 17.4%
- Lowest increase
- Furnishings, household equipment and maintenance: 0.7%
Historical Context
Current inflation is around the 5-year average of 8.3%.
- 5-year average
- 8.3%
- 10-year average
- 8.4%
- All-time high (1993)
- 23.2%
- All-time low (2002)
- 3.1%
Trend
Inflation shows an upward trend. Compared to 2002, inflation has risen by +5.4 percentage point.
- Change vs. previous year
- +5.4 percentage points
- Largest monthly swing
- November: +7.0 percentage points
ECB Target
Inflation is 6.5% 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 €108.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 7.3% | +1.3 |
| February | 7.6% | +3.7 |
| March | 7.9% | +4.7 |
| April | 7.7% | +4.6 |
| May | 7.6% | +4.6 |
| June | 8.5% | +6.2 |
| July | 8.7% | +6.7 |
| August | 9.2% | +6.5 |
| September | 9.5% | +6.7 |
| October | 9.6% | +6.9 |
| November | 9.8% | +7.0 |
| December | 9.2% | +5.9 |
| Average | 8.5% |
Data source
Data from OECD. Last updated: 11/01/2026.