Skip to main content link using access key S.
Statistical Office SR
PortalMenuPortlet
Harmonized indices of consumer prices in September 2024
Print Mail TW FB WA

Harmonized indices of consumer prices in September 2024

Last update: 17.10.2024
Ilustračný obrázok/illustrative image
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: Consumer prices and prices of production statistics
Publish Date: 17.10.2024

Annual harmonized inflation in September 2024 decreased compared to August and reached a value 2.9%

The annual inflation measured by the harmonized index of consumer prices according to the European common methodology reached the value 2.9% in September 2024, which was 0.3 percentage points lower than its value in the previous month.

Annual inflation compares the change in the price level in the observed month of a given year compared to the price level of the same month in the previous year.

The average annual rate of HICP inflation (comparing change in the average price level for the average of the harmonized consumer price indices for the last 12 months compared to the average of the previous 12 months) reached in September 2024 the value 4.0%, which represents a decrease of 0.5 percentage points compared to its value in August 2024. The average annual HICP inflation rate is an important indicator of a country’s price stability, its level is also considered as one of the four so-called Maastricht criteria that an EU Member State must meet before adopting the euro.

In September 2024, the total harmonized index of consumer prices increased by 0.1% compared to the previous month. The month-on-month increase in the index was mainly influenced by the increase in prices in the divisions: Restaurants and hotels (the total positive contribution to the month-on-month inflation was +0.08 percentage points) and Education (total positive contribution +0.07 p.p.). A higher positive contribution to the month-on-month inflation was also recorded in the division: Housing, water, electricity, gas and other fuels (+0.06 p.b.). On the contrary, the drop in prices and the highest negative contribution to the month-on-month inflation was achieved in the division Transport (the negative contribution of the entire division was -0.16 p.p. mainly due to the fuel prices decrease).

The resulting summary of harmonized inflation within Europe for September 2024 can be found on 17th October 2024 from 11 a.m. on the Eurostat website.

Data source: DATAcube. database

Outputs on the topic of inflation measured by the Harmonised Index of Consumer Prices (HICP):

Change in the methodology of consumer prices survey

From January 2024, the Statistical Office of the SR processes price outputs for Food and non-alcoholic beverages division from a new data source - from scanner data, i.e. from the transaction data of retails chains. They replaced the traditional field survey, thus significantly expanding inputs on consumer prices in the mentioned division. The use of scanner data is an important part of the modernization of price statistics while maintaining and increasing its quality.

Harmonised inflation in the EU (HICP)

This is data calculated according to the EU's common methodology for comparability of inflation between countries. Statistical office of the Slovak Republic publishes data on Harmonized Indices of Consumer Prices - HICP inflation usu-ally on the day of their publication by Eurostat, a few days after the national CPI inflation release - accord-ing to the First Release Calendar in the DATAcube. database chapter: 2. 3. 3 - Harmonized indices of con-sumer prices (HICP inflation).

  • 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
  • e-mail: info@statistics.sk

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.


/wps/portal/ext/products/informationmessages/inf_sprava_detail Harmonized indices of consumer prices in September 2024 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail