Slovenia Inflation

Slovenia

Slovenia: Annual consumer prices decline for eighth consecutive month

August 31, 2015

Consumer prices increased 0.1% in August over the previous month, which contrasted the 0.8% decrease tallied in July. The monthly reading reflected that higher prices for electricity, package holidays, and clothing were offset by lower prices for petroleum products.

Consumer prices fell 0.3% in annual terms in August, which was up slightly from the 0.4% decline tallied in July but marked the eighth consecutive negative reading. Meanwhile, annual harmonized consumer prices fell 0.6% in August, following the 0.7% decrease observed in the previous month. Annual average HICP fell 0.4% in August, matching July’s result.

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 August 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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