Slovenia: Annual consumer prices decline at fastest pace in over five years in August
August 29, 2014
Consumer prices were flat in August over the previous month, which followed the 1.1% decline tallied in July. The monthly reading mostly reflected that a decline in prices for food and non-alcoholic beverages, transport as well as for housing, water and electricity was offset by higher prices for clothing and footwear as well as for recreation and culture.
Annual consumer prices fell 0.3% in August, which followed the flat reading observed in July. August’s print represented the lowest rate since July 2009. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from July’s 0.3% to a flat reading in August. Annual average HICP inflation ticked down from July’s 0.9% to 0.8% in August, which marked an all-time record low.