Slovak Inflation Falls to 3.5% in June

Consumer prices in Slovakia rose 3.5% year-over-year in June and 0.1% month-over-month, according to the Statistical Office of the Slovak Republic.

This brought the inflation rate down from the 3.8% recorded in May, marking the second consecutive month of decline. In April, inflation had risen to 3.9% due to rising fuel prices linked to the war in the Middle East.

“Consumer prices fell in June 2026 for the first time this year compared to the previous month, mainly due to lower fuel and food prices,” the Statistical Office explained in its report.

“The year-over-year inflation rate was also tempered by the first decline in prices for food and non-alcoholic beverages in five years,” the statisticians added. At the same time, overall inflation continued to reflect the regulatory measures on housing and energy prices adopted in January, even though June saw the lowest inflation rate of the year. It matched the level seen in March.

Prices for food and non-alcoholic beverages fell by 0.5% year-over-year, marking the first decline since June 2021. Food prices alone fell by 1.1%. Prices for cheese and eggs (-3.6%), meat (-3.2%), and oils and fats (-12.9%) fell particularly sharply.

In the other categories, price increases continued. Prices for housing and energy rose by 7.3%, while clothing and footwear became 0.6% more expensive. In the transportation sector, price growth slowed to 5.3%. However, prices for fuels and lubricants for private vehicles remained well above the previous year’s level, rising by 11%.

In the first half of 2026, the average inflation rate in Slovakia stood at 3.7%.