Slovakia: energy inflation rate by commodity 2024

Energy commodity price inflation in Slovakia has fluctuated in the period of consideration, with rates rising significantly in 2022 and dropping again in 2023 and 2024. Gas prices saw the highest inflation hike, with the annual change standing at 20.1 percent in August 2022. These increases in inflation were driven further by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility.

Harmonized index of consumer prices (HICP) energy inflation rate in Slovakia from January 2019 to November 2024, by commodity

Characteristic	Energy	Gas	Electricity
Nov '24	-1.6%	-0.1%	0%
Oct '24	-2.4%	-0.1%	0%
Sep '24	-3.2%	-0.1%	0%
Aug '24	-2%	-0.1%	0%
Jul '24	-0.1%	-0.1%	0%
Jun '24	-0.1%	-0.1%	0%
May '24	0.3%	-0.1%	0%
Apr '24	0.3%	-0.1%	0%
Mar '24	0.1%	-0.1%	0%
Feb '24	-0.8%	-0.1%	0%
Jan '24	-1.1%	-0.1%	0%
Dec '23	5.6%	11.4%	2.5%
Nov '23	4.7%	11.4%	2.5%
Oct '23	5.6%	11.4%	2.5%
Sep '23	7.9%	11.4%	2.5%
Aug '23	7.4%	11.4%	2.5%
Jul '23	5.1%	11.5%	2.5%
Jun '23	4.9%	11.5%	2.5%
May '23	6.3%	11.6%	2.5%
Apr '23	8.2%	11.7%	2.5%
Mar '23	9.1%	11.8%	2.5%
Feb '23	12.1%	11.9%	2.5%
Jan '23	12.5%	11.9%	2.5%
Dec '22	17%	20%	11.7%
Nov '22	18.6%	20%	11.7%
Oct '22	19%	20.1%	11.7%
Sep '22	18.8%	20.1%	11.7%
Aug '22	19.3%	20.1%	11.7%
Jul '22	20.6%	20%	11.7%
Jun '22	21.7%	20%	11.7%
May '22	20.3%	19.9%	11.7%
Apr '22	19%	19.8%	11.7%
Mar '22	18.2%	19.7%	11.7%
Feb '22	16.4%	19.6%	11.7%
Jan '22	16.5%	19.6%	11.7%
Dec '21	2.1%	-9.5%	-4.3%
Nov '21	3.1%	-9.5%	-4.3%
Oct '21	2.4%	-9.6%	-4.3%
Sep '21	1.5%	-9.6%	-4.3%
Aug '21	1%	-9.6%	-4.3%
Jul '21	0.6%	-9.7%	-4.3%
Jun '21	0.7%	-9.6%	-4.3%
May '21	0.9%	-9.6%	-4.3%
Apr '21	0.2%	-9.6%	-4.3%
Mar '21	-1.8%	-9.7%	-4.3%
Feb '21	-4%	-9.7%	-4.3%
Jan '21	-5.8%	-9.7%	-4.3%
Dec '20	0%	1.5%	8.8%
Nov '20	-0.6%	1.5%	8.8%
Oct '20	-0.3%	1.5%	8.8%
Sep '20	-0.6%	1.5%	8.8%
Aug '20	-0.3%	1.5%	8.8%
Jul '20	-0.5%	1.5%	8.8%
Jun '20	-1.2%	1.5%	8.8%
May '20	-2.7%	1.5%	8.8%
Apr '20	-1.7%	1.5%	8.8%
Mar '20	0.9%	1.5%	8.8%
Feb '20	2.8%	1.5%	8.8%
Jan '20	4.2%	1.5%	8.8%
Dec '19	4.1%	0%	6.7%
Nov '19	4.3%	5.8%	6.7%
Oct '19	2.9%	5.8%	6.7%
Sep '19	3.1%	5.8%	6.7%
Aug '19	3.5%	5.8%	7.5%
Jul '19	4.2%	5.8%	7.5%
Jun '19	3.5%	5.8%	7.6%
May '19	5%	5.8%	7.6%
Apr '19	5.6%	5.8%	7.6%
Mar '19	5.5%	5.8%	7.6%
Feb '19	4.9%	5.8%	7.6%
Jan '19	4.2%	5.8%	7.6%

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Release date

December 2024

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Region

Slovakia

Survey time period

January 2019 to November 2024

Supplementary notes

According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.

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