Slovenia Inflation

Slovenia

Slovenia: Annual consumer prices continue to decline in July

July 31, 2015

Consumer prices fell 0.8% in July over the previous month, which followed the 0.1% decrease tallied in June. The monthly reading mostly reflected the impact of summer retail sales.

Consumer prices fell 0.4% in annual terms in July, which was up from the 0.7% decline tallied in June and marked the seventh consecutive negative reading. Meanwhile, annual harmonized consumer prices fell 0.7% in July, following the 0.9% decrease observed in the previous month. Annual average HICP fell 0.4% in July, down from the 0.3% fall recorded in June.

The Central Bank expects HICP inflation to average minus 0.1% in 2015. FocusEconomics Consensus Forecast participants expect HICP inflation to average 0.2% in 2015, which is unchanged over the previous month’s forecast. In 2016, the panel expects HICP inflation to accelerate to 1.3%.


Author:, Economist

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Slovenia Inflation July 2015

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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