Inflation Slovakia 2021
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 December at 5.8%. The lowest inflation was in January at 0.7%.
- Highest month
- December: 5.8%
- Lowest month
- January: 0.7%
- Difference
- 5.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 9.0%. The lowest price increase was in Clothing and footwear with an average of 1.1%.
- Highest increase
- Transport: 9.0%
- Lowest increase
- Clothing and footwear: 1.1%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 2.3%.
- 5-year average
- 2.3%
- 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 2020, the difference is minimal (+1.2 percentage point).
- Change vs. previous year
- +1.2 percentage points
- Largest monthly swing
- December: +4.3 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 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 0.7% | -2.3 |
| February | 0.8% | -2.1 |
| March | 1.4% | -0.9 |
| April | 1.6% | -0.5 |
| May | 2.2% | +0.2 |
| June | 2.9% | +1.1 |
| July | 3.3% | +1.5 |
| August | 3.8% | +2.4 |
| September | 4.6% | +3.2 |
| October | 5.1% | +3.6 |
| November | 5.6% | +4.1 |
| December | 5.8% | +4.3 |
| Average | 3.1% |
Data source
Data from OECD. Last updated: 13/01/2026.