Slovakia: Industrial, agricultural, and construction producer prices increased in March 2025

In March 2025, producer prices rose across several sectors, including industry, agriculture, and construction. Industrial producer prices remained elevated year-on-year, largely due to higher electricity and gas costs. Agricultural producers saw price increases for both crop and animal products, while construction experienced rising labor and material costs.

Industrial producer prices for the domestic market increased by 2.6% year-on-year. Twelve out of sixteen monitored industrial sectors recorded higher prices. Key contributors included a 4.2% rise in electricity supply costs and a 3.7% increase in water supply prices. Significant price growth was also observed in the manufacture of rubber and plastic products (up 5.1%), transport equipment (up 3.6%), and food, beverages, and tobacco products (up 2.2%). However, the overall increase was partially offset by declines in the prices of coke and petroleum products (down 11.6%) and metals (down 1.6%).

Over the first three months of 2025, domestic industrial producer prices were up by 0.8%. On a month-on-month basis, prices showed only a slight decline.

For the non-domestic market, industrial producer prices rose by 1% year-on-year in March and by 0.7% month-on-month. Overall, non-domestic industrial producer prices for the first quarter of 2025 were 0.9% higher than a year earlier.

Agricultural Product Prices

Agricultural producer prices increased by 7.5% year-on-year in March. Crop product prices rose by 9.3%, while animal product prices grew by 6.4%.

Among crop products, cereals (up 17.4%), legumes (up 22.7%), and oilseeds and fruits (up 18%) showed double-digit growth. In contrast, prices fell for potatoes (down 6.1%), crops used for sugar production (down 8.4%), and vegetables (down 12.9%).

Among animal products, notable year-on-year increases were recorded for hen edible eggs (up 19.8%) and cow’s raw milk (up 10.1%). However, prices decreased for sheep and lambs for slaughter (down 0.9%), pigs for slaughter (down 1%), poultry for slaughter (down 1.9%), and raw sheep wool (down 40%).

Overall, agricultural producer prices rose by 7.4% in the first three months of the year.

Construction Producer Prices

In the construction sector, producer prices for construction work were 5.6% higher year-on-year in March 2025, marking the highest growth rate in six months. Cumulatively, construction work prices increased by 5.2% over the first quarter. Material prices used in construction rose by 2% year-on-year in March and by 1.9% over the first three months of 2025.

Source: Statistical Office of the SR