Inflation Slovakia 2020
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 3.0%. The lowest inflation was in August at 1.4%.
- Highest month
- January: 3.0%
- Lowest month
- August: 1.4%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Miscellaneous goods and services with an average of 4.1%. The lowest price increase was in Transport with an average of -3.4%.
- Highest increase
- Miscellaneous goods and services: 4.1%
- Lowest increase
- Transport: -3.4%
Historical Context
Current inflation is around the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 1.6%
- All-time high (2003)
- 8.5%
- All-time low (2016)
- -0.5%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-0.8 percentage point).
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- September: -1.5 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 3.0% | +0.8 |
| February | 2.9% | +0.6 |
| March | 2.3% | -0.4 |
| April | 2.1% | -0.2 |
| May | 2.0% | -0.7 |
| June | 1.8% | -0.8 |
| July | 1.8% | -1.0 |
| August | 1.4% | -1.4 |
| September | 1.4% | -1.5 |
| October | 1.5% | -1.3 |
| November | 1.5% | -1.4 |
| December | 1.5% | -1.5 |
| Average | 1.9% |
Data source
Data from OECD. Last updated: 11/01/2026.