Slovenia Inflation May 2016


Consumer prices drop for 17th consecutive month in May

Consumer prices increased 0.9% in May over the previous month, which was above the 0.4% rise recorded in April. The monthly print mainly reflected an increase in the prices of clothing and footwear while prices for food and non-alcoholic beverages remained resilient on the back of a surge in fruit prices.

Consumer prices fell 0.4% in annual terms in May, which marked a slight improvement from the 0.6% drop recorded in April. Nonetheless, May’s print represented the 17th consecutive annual decline in consumer prices. Meanwhile, harmonized consumer prices fell 0.6% annually in May, which was a tick up from the 0.7% drop seen in April. The annual average variation of HICP inflation was minus 0.8% for the sixth month in a row in May.

The Central Bank expects HICP inflation to average 1.0% in 2016 and to increase to 1.5% in 2017. FocusEconomics Consensus Forecast participants expect HICP inflation to be flat in 2016, which is down 0.1 percentage points over the previous month’s forecast. In 2017, the panel expects HICP inflation to accelerate to 1.2%.

Author:, Economist

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Slovenia Inflation Chart

Slovenia Inflation May 2016

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistical Office of the Republic of Slovenia (SORS).

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