Harmonized inflation in Slovakia reaches 4.3% in May 2025

Inflation in Slovakia, measured using the harmonized index of consumer prices (HICP) under the common European methodology, rose to 4.3% in May 2025 on a year-on-year basis. Month-on-month inflation stood at 0.5%. The annual HICP inflation figure exceeded the national inflation rate previously published on June 13.

Price increases were recorded across all 12 consumption divisions compared to May 2024. The smallest annual increase was observed in the transport division, where prices rose by just 0.1%, while the most significant rise occurred in the education sector, with prices up by 10.2%. On a monthly basis, nine of the twelve divisions saw price growth. The largest upward pressure came from the food and non-alcoholic beverages division, where prices increased by 1.3%. However, the overall monthly inflation rate was partly offset by a 1.2% decrease in transport prices.

The average annual HICP inflation rate for the period from June 2024 to May 2025, compared with the same period a year earlier, was 3.6%.

The Statistical Office of the Slovak Republic has also implemented changes in its data collection methodology. Since January 2024, the prices for food and non-alcoholic beverages have been collected from scanner data—transaction records from retail chains—replacing traditional field surveys. Starting January 2025, this approach will also be used for the alcoholic beverages and tobacco division. The use of scanner data is part of a broader effort to modernize price statistics and improve data quality.

Source: Statistical Office of the SR