Slovak Republic - Inflation, consumer prices (annual %) 1992 - 2022
Slovak Republic's inflation, consumer prices (annual %) is currently 12.77%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Slovak Republic's inflation, consumer prices (annual %) for 2022 was 12.774%, a 305.58% increase from 2021, with a +9 difference.
- In 2021 it was 3.15%, a 62.61% increase from 2020, with a +1 difference.
- In 2020 it was 1.937%, a -27.31% increase from 2019.
- In 2019 it was 2.665%, a 5.99% increase from 2018.
- In 2018 it was 2.514%, a 91.63% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Slovak Republic is currently 5.602% (average of years with recorded data) with a lowest recorded value of -0.52% in 2016 and a highest value of 23.287% in 1993.
Slovak Republic's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1992 | 9.894% | |
| 1993 | 23.287% | 135.38% |
| 1994 | 13.416% | -42.39% |
| 1995 | 9.841% | -26.64% |
| 1996 | 5.776% | -41.31% |
| 1997 | 6.142% | 6.34% |
| 1998 | 6.666% | 8.53% |
| 1999 | 10.57% | 58.58% |
| 2000 | 12.036% | 13.86% |
| 2001 | 7.33% | -39.10% |
| 2002 | 3.127% | -57.34% |
| 2003 | 8.554% | 173.55% |
| 2004 | 7.549% | -11.76% |
| 2005 | 2.709% | -64.11% |
| 2006 | 4.483% | 65.49% |
| 2007 | 2.757% | -38.51% |
| 2008 | 4.598% | 66.80% |
| 2009 | 1.615% | -64.88% |
| 2010 | 0.957% | -40.75% |
| 2011 | 3.919% | 309.53% |
| 2012 | 3.606% | -7.99% |
| 2013 | 1.4% | -61.16% |
| 2014 | -0.076% | -105.44% |
| 2015 | -0.325% | -326.99% |
| 2016 | -0.52% | -59.90% |
| 2017 | 1.312% | 352.29% |
| 2018 | 2.514% | 91.63% |
| 2019 | 2.665% | 5.99% |
| 2020 | 1.937% | -27.31% |
| 2021 | 3.15% | 62.61% |
| 2022 | 12.774% | 305.58% |
Expand
Comparison with Countries in the Europe & Central Asia Region.
Among countries in the same World Bank Europe & Central Asia (ECA) region, Slovak Republic comes in 18th with 12.774% inflation, consumer prices (annual %).
- Within the same region, Belarus comes in 8th with 15.21%, inflation, consumer prices (annual %).
- Czechia comes in 9th with 15.1%.
- Hungary comes in 10th with 14.608%.
- Poland comes in 11th with 14.43%.
- North Macedonia comes in 12th with 14.205%.
- Bosnia and Herzegovina comes in 13th with 14.021%.
- Kyrgyz Republic comes in 14th with 13.923%.
- Azerbaijan comes in 15th with 13.852%.
- Romania comes in 16th with 13.796%.
- Montenegro comes in 17th with 13.04%.
- Serbia comes in 19th with 11.982%.
- Georgia comes in 20th with 11.898%.
- Kosovo comes in 21st with 11.581%.
- Uzbekistan comes in 22nd with 11.447%.
- Croatia comes in 23rd with 10.781%.
- Netherlands comes in 24th with 10.001%.
- Greece comes in 25th with 9.645%.
- Belgium comes in 26th with 9.598%.
- Slovenia comes in 27th with 8.834%.
- And Armenia comes in 28th with 8.641%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Europe & Central Asia Region.
Top 10 Countries in the Europe & Central Asia Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Turkiye | 72.31% | 2022 |
| 2 | Moldova | 28.74% | 2022 |
| 3 | Ukraine | 20.18% | 2022 |
| 4 | Lithuania | 19.70% | 2022 |
| 5 | Estonia | 19.40% | 2022 |
| 6 | Latvia | 17.31% | 2022 |
| 7 | Bulgaria | 15.33% | 2022 |
| 8 | Belarus | 15.21% | 2022 |
| 9 | Czechia | 15.10% | 2022 |
| 10 | Hungary | 14.61% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Slovak Republic comes in 8th with 12.774% inflation, consumer prices (annual %).
- Within the same income group, Lithuania comes in 1st with 19.705%, inflation, consumer prices (annual %).
- Estonia comes in 2nd with 19.398%.
- Latvia comes in 3rd with 17.31%.
- Czechia comes in 4th with 15.1%.
- Hungary comes in 5th with 14.608%.
- Poland comes in 6th with 14.43%.
- Romania comes in 7th with 13.796%.
- Chile comes in 9th with 11.644%.
- Croatia comes in 10th with 10.781%.
- Netherlands comes in 11th with 10.001%.
- Greece comes in 12th with 9.645%.
- Belgium comes in 13th with 9.598%.
- Uruguay comes in 14th with 9.104%.
- Slovenia comes in 15th with 8.834%.
- Austria comes in 16th with 8.547%.
- Cyprus comes in 17th with 8.395%.
- And Spain comes in 18th with 8.391%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |