Thursday, 18 December 2025
Price growth in Slovakia remained unchanged in November 2025, while inflation across the European Union and the euro area showed signs of stabilisation, according to the latest harmonised data published by national and European statistical authorities.
In Slovakia, consumer prices measured under the EU-wide methodology rose by 3.9% compared with the same month last year. This marked one of the lowest annual readings recorded in the country during 2025, matching levels seen earlier in the year. On a monthly basis, prices increased by 0.3%, a slightly faster pace than in the preceding months.
Price developments varied across spending categories. Transport costs recorded the strongest short-term increase, while modest declines were observed in food, alcohol and household furnishings. Compared with November 2024, prices were higher across all major consumption groups, with the steepest increases recorded in hospitality-related services, reflecting continued pressure on household budgets.
Looking at a longer time horizon, average price growth over the past 12 months remained above 4%, confirming that inflationary pressures, although easing, have not fully subsided.
Across the wider European Union, price growth was more moderate. Inflation in the euro area stood just above 2% year on year in November, while the EU average was slightly higher, at around 2.4%. Services remained the main driver of price increases, while energy prices continued to exert a dampening effect on overall inflation.
The comparison highlights Slovakia’s position among the higher-inflation countries within the EU, despite recent signs of cooling. Differences between national and harmonised measures remain, reflecting variations in consumption baskets and the exclusion of certain housing-related costs under the EU methodology.
Statistical authorities also noted ongoing improvements in how prices are measured, including the broader use of retail transaction data for selected product categories. These changes aim to improve accuracy and better capture real consumer spending patterns, without altering the underlying inflation trends.
Overall, November data suggest that while inflation pressures are easing at the European level, price growth in Slovakia remains comparatively strong, particularly in service-related sectors, underscoring the continued challenge for households as 2025 draws to a close.
