Inflation Slovakia 2022
Average inflation: 12.7%
Current Inflation
Inflation is very high at 12.7%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 15.4%. The lowest inflation was in January at 8.4%.
- Highest month
- December: 15.4%
- Lowest month
- January: 8.4%
- Difference
- 7.0 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 18.5%. The lowest price increase was in Clothing and footwear with an average of 3.7%.
- Highest increase
- Food and non-alcoholic beverages: 18.5%
- Lowest increase
- Clothing and footwear: 3.7%
Historical Context
Current inflation is 8.1% higher than the 5-year average of 4.6%. This approaches the highest level since records began (12.7% in 2022).
- 5-year average
- 4.6%
- 10-year average
- 4%
- All-time high (2022)
- 12.7%
- All-time low (2017)
- 1.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +9.6 percentage point.
- Change vs. previous year
- +9.6 percentage points
- Largest monthly swing
- June: +10.4 percentage points
ECB Target
Inflation is 10.7% 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 €112.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 8.4% | +7.7 |
| February | 9.0% | +8.2 |
| March | 10.4% | +9.0 |
| April | 11.7% | +10.1 |
| May | 12.6% | +10.4 |
| June | 13.3% | +10.4 |
| July | 13.6% | +10.3 |
| August | 14.1% | +10.3 |
| September | 14.2% | +9.6 |
| October | 14.9% | +9.8 |
| November | 15.3% | +9.7 |
| December | 15.4% | +9.6 |
| Average | 12.7% |
Data source
Data from OECD. Last updated: 13/01/2026.