Slovakia inflation slows as retail giants Kaufland and Lidl report strong revenues

Slovak inflation retail market food prices Kaufland earnings Lidl Slovakia

Slovakia's inflation rate slowed to 3.1% in August, down from 3.2% in July. This deceleration was primarily driven by falling food prices, resulting from a significant decrease in the cost of agricultural commodities such as milk, oils, and fats. However, analysts warn that this downward pressure on food prices may weaken as rising energy costs and the impact of droughts on crop yields begin to affect wholesale and retail markets.

In the retail sector, major grocery chains are navigating a challenging economic landscape. Kaufland Slovakia reported a strong fiscal year ending February 28, 2026, with revenues reaching 1.96 billion euros and a net profit of 90.73 million euros, marking a 14% year-on-year increase. Lidl remains a dominant player, reporting revenues of 2.28 billion euros for the same period.

Despite these results, the retail market faces pressure. The Alliance of Modern Trade notes that while food prices are lower, consumer purchasing power has declined significantly, leading to lower overall shopping volumes. Retailers are increasingly seeing a shift away from premium products toward discounted goods as competition remains intense in the small Slovak market.

Entities

Alliance of Modern Trade · Kaufland · LIDL · National Bank of Slovakia · Tesco

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Slovakia's August inflation rate slowed to 3.1% from 3.2% in July. rno.sk
[○ 1 SOURCE] Lower food prices were driven by a larger-than-expected drop in agricultural commodity prices. rno.sk
[○ 1 SOURCE] Kaufland Slovakia reported revenues of 1.96 billion euros for the fiscal year ending February 28, 2026. www.interez.sk
[○ 1 SOURCE] The Slovak retail market is characterized by small size and high competition. ereport.sk
[○ 1 SOURCE] Lidl Slovakia reported revenues of 2.28 billion euros for the period from March 2025 to February 2026. www.interez.sk
[○ 1 SOURCE] Kaufland Slovakia's net profit rose 14 percent to 90.73 million euros. www.interez.sk

Sources

Lacnejšie agrokomodity infláciu stále tlmia, no už asi nie nadlho | Roľnícke noviny – Internetový poľnohospodársky portál [rno.sk]

12 days ago

Krajčovič: Bohatší zákazník, na ktorom obchodník kedysi dobiehal stratu z lacných komodít, na Slovensku prestal existovať | Domáca politika [ereport.sk]

12 days ago

Lidl roky kraľoval, Kaufland tento rok prekvapil. Hlási rekordný zisk a avizuje ďalšiu expanziu [www.interez.sk]

11 days ago

Dáta bez pátosu: Naša nočná mora – vysoké úroky [www.tyzden.sk]

11 days ago