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Inflation in 2022
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Inflation in 2022

Last update: 15.05.2023
Ilustračný obrázok/illustrative image
Publisher: Statistical Office of the SR
Publish Date: 13.01.2023

In April, inflation dropped to 13.8%

The growth dynamics of consumer prices started to slow down after two years, in April this trend was finally also reflected in the food division. The level of price growth in housing and energy has returned to the values of January last year, fuel prices are one tenth cheaper than a year ago.

More in the information report: Inflation – consumer price indices in April 2023

In March, inflation growth slowed significantly, reaching a value of 14.8%

Despite the slowdown in the growth rate of overall inflation, food prices again approached the previous maximum from December at the level of 29%. The cost of housing, energy and housing-related items slightly decreased reaching the levels recorded at the beginning of 2022. Fuel prices dropped year-on-year to deflation value for the first time in two years.

More in the information report: Inflation – consumer price indices in March 2023

Inflation in February reached the highest number in recent years- 15.4% for the third time in the last four months

The year-on-year increase in food prices, as the main cause of inflation, was stabilized at a value below 29%, their month-on-month price growth slowed below 2%. The January´s adjustment of energy prices, especially heat and gas, will also affect the rate of housing price increases throughout 2023, which, however, were dampened by significant state aid.

More in the information report: Inflation – consumer price indices in February 2023

Although, price growth in January 2023 moderated, it still remained above 15%

In the beginning of 2023, the prices of food, as well as housing with energy, moderated their year-on-year growth, but their values remained high. Food was more expensive by 29% and housing and energy by 14%. Traditionally, January's highest price increases of the year were reflected in the consumer basket. Dentists' services, fees for education and institutional catering have also become more expensive. Inflation was pushed down, but fuel prices are continuing to decrease.

More in the information report: Inflation – consumer price indices in January 2023

Inflation 2022: Validation of inflation rate in 2022

The Statistical Office of the SR releases also The official validation of the average annual inflation rate in 2022 (only in Slovak version), which is available including the validations for the previous years in the section Služby – Potvrdenie pre infláciu a priemernú mesačnú mzdu.

In 2022, the average inflation reached a level of 12.8%

The high price increases were mainly influenced by the rise in energy prices and the record increases in food and fuel prices in the recent history of the Slovak Republic. The increase in prices of selected foods for daily consumption - bread, dairy products, eggs, as well as vegetables - exceeded 20%, and oils and fats, which are less important by weight, exceeded 40%.

More in the information report: Inflation – consumer price indices in 2022

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  • Statistical Office of the SR
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  • 840 05 Bratislava 45
  • Slovak Republic
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While publishing of the whole information report or its parts, please state the source of information, the Statistical Office of the Slovak Republic. The Statistical Office of the SR creates high-quality statistics useful for society according to 16 principles regarding the institutional environment, statistical processes and outputs in line with the Code of Practice for European Statistics.

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