Inflácia vyvoláva sociálne napätie, pretože prerozdeľuje dôchodky medzi jednotlivé skupiny obyvateľstva. Postihuje hlavne sociálne slabšie skupiny obyvateľstva s fixnými dôchodkami. Rýchle tempo inflácie brzdí ekonomický rast a vedie k stagnácií výroby.
Rast cenovej hladiny znižuje kúpyschopnosť obyvateľstva a mení štruktúru spotreby smerom k pokrytiu základných životných potrieb. Inflácia má vplyv aj na vývoj platobnej bilancie. Inflácia môže mať paradoxne aj stimulačné účinky, ale len pri miernej a očakávanej inflácií, keď pôsobí na ekonomický rast pozitívne.
Vývoj nominálnej mzdy a vývoj inflácie:
| Rok | Nominálne mzdy | Inflácia | Reálne mzdy | |
| SKK | rast v % | rast v % | rast v % | |
| 2000 | 11 430 | 6,5 | 12,0 | -4,9 |
| 2001 | 12 365 | 8,2 | 7,1 | 1,0 |
| 2002 | 13 511 | 9,3 | 3,3 | 5,8 |
| 2003 | 14 365 | 6,3 | 8,5 | -2,0 |
| 2004 | 15 773 | 9,8 | 7,5 | 2,1 |
| 2005 | 16 956 | 7,5 | 3,3 | 4,1 |
| 2006 | 18 058 | 6,5 | 2,5 | 3,9 |
| 2007 | 19 105 | 5,8 | 2,0 | 3,7 |
| 2008 | 20 213 | 5,8 | 2,0 | 3,7 |
| 2009 | 21 426 | 6,0 | 2,4 | 3,5 |
| 2010 | 22 755 | 6,2 | 2,6 | 3,5 |
| 2011 | 24 234 | 6,5 | 3,0 | 3,4 |
| 2012 | 25 809 | 6,5 | 3,0 | 3,4 |
| 2013 | 27 435 | 6,3 | 3,0 | 3,2 |
| 2014 | 29 163 | 6,3 | 3,0 | 3,2 |
| 2015 | 31 000 | 6,3 | 3,0 | 3,2 |
| 2016 | 32 891 | 6,1 | 2,9 | 3,1 |
| 2017 | 34 832 | 5,9 | 2,8 | 3,0 |
| 2018 | 36 817 | 5,7 | 2,7 | 2,9 |
| 2019 | 38 916 | 5,7 | 2,7 | 2,9 |
| 2020 | 41 134 | 5,7 | 2,7 | 2,9 |
| Priem. % | 6,6 | 3,9 | 2,7 | |
| Služby SZ – ceny | 1,2 | |||
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