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Inflation – consumer price indices for selected social groups in May 2024
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Inflation – consumer price indices for selected social groups in May 2024

Last update: 26.06.2024
Ilustračný obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 26.06.2024

Inflation in households of pensioners rose to 1.5%

Inflation - price growth in May 2024 in Slovakia, was published by the Statistical Office of the SR on June 14. On a regular monthly basis, at a later date, it also publishes detailed structures of the price growth rate for selected social groups. More detailed structures of the consumption basket for the month of May are published on June 26. 

In May, the prices in Slovakia increased by 2.2% year-on-year. Inflation was lower in the households of pensioners and in low-income households. Year-on-year price growth in pensioner households reached 1.5%, in low-income households 2.2%. Households of employees experienced a year-on-year price growth by 2.4%.

The biggest impact on the price growth index for individual social groups compared to the average was reflected in higher prices of food and non-alcoholic beverages, but also in the slower pace of price increases in transportation, recreation and culture and in housing and energy. The inflation rate for the three specific social groups has different values because of the different expenditure structure of these households within the consumption basket.

In total for the first five months of 2024, consumer prices within the entire SR increased by 2.8% year-on-year, in the households of employees it was by 2.9%, in low-income households by 2.7%, in the households of pensioners by 2.2%.

Published types of inflation

The Statistical Office of the SR publishes two types of inflation:

  • development of consumer prices based on national methodology – Inflation – Consumer Price Indices (the English abbreviation CPI - Consumer Price Index is used)
  • development of consumer prices based on internationally harmonized EU methodology - Harmonized Index of Consumer Prices (HICP - Harmonized Indices of Consumer Prices)

National inflation (CPI)

Prices are monitored on the consumer basket, which consists of selected types of goods and services classified into 12 divisions, 44 groups and 102 classes according to the COICOP classification. Prices are surveyed throughout the territory of the SR.

The published reference data are for all types of consumers, including specific social groups – households of employees, pensioners and low-income households. Pensioner inflation expresses the change in consumer prices for pensioner households. The difference between general and pension inflation is in the weights of goods and services in the consumer basket (COICOP). Detailed data broken down by social groups of the population is published approximately ten days after the CPI in the DATAcube. database section: 2. 3. 1. 1 - Consumer price indices

Consumer basket - structure of household expenditures

The Statistical Office annually revises the weights of expenditure items in the structure of the consumer basket. The consumer basket valid for the year 2024 presents the structure of household expenses according to individual social groups. It indicates how much the household spends on specific expenditure groups of products and services in everyday life.

  • Issued by :

  • Statistical Office of the SR
  • Lamačská cesta 3/C
  • 840 05 Bratislava 45
  • Slovak Republic
  • Information Services :

  • tel. +421 2 50 236 339
  • +421 2 50 236 335
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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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