Inflation Slovakia 2008
Average inflation: 4.6%
Current Inflation
Inflation is high at 4.6%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 5.3%. The lowest inflation was in January at 3.8%.
- Highest month
- September: 5.3%
- Lowest month
- January: 3.8%
- Difference
- 1.5 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 7.7%. The lowest price increase was in Communication with an average of -0.3%.
- Highest increase
- Food and non-alcoholic beverages: 7.7%
- Lowest increase
- Communication: -0.3%
Historical Context
Current inflation is around the 5-year average of 4.4%.
- 5-year average
- 4.4%
- 10-year average
- 6.4%
- All-time high (1993)
- 23.2%
- All-time low (2005)
- 2.7%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+1.8 percentage point).
- Change vs. previous year
- +1.8 percentage points
- Largest monthly swing
- August: +2.7 percentage points
ECB Target
Inflation is 2.6% 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 €104.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 3.8% | +0.8 |
| February | 4.0% | +1.3 |
| March | 4.2% | +1.5 |
| April | 4.2% | +1.5 |
| May | 4.6% | +2.3 |
| June | 4.6% | +2.1 |
| July | 4.9% | +2.6 |
| August | 5.0% | +2.7 |
| September | 5.3% | +2.4 |
| October | 5.2% | +2.0 |
| November | 4.9% | +1.8 |
| December | 4.4% | +1.0 |
| Average | 4.6% |
Data source
Data from OECD. Last updated: 11/01/2026.