Slovenia Inflation February 2021

Slovenia

Slovenia: Consumer prices decline at a sharper annual rate in February

February 26, 2021

Consumer prices increased a seasonally-adjusted 0.29% in February over the previous month, rebounding from a 0.43% drop logged in January. Looking at the details of the release, higher holiday and fuel prices drove the uptick, while still-active winter sales kept garment prices low.

Consumer prices fell 1.0% on an annual basis in February, a more pronounced drop than January’s 0.7% decrease. Meanwhile, the trend pointed down mildly, with the annual average variation of consumer prices coming in at minus 0.5% in February (January: -0.3%). Lastly, harmonized prices fell 1.1% on an annual basis in February, which was a sharper drop compared to January’s 0.9% decrease.

FocusEconomics Consensus Forecast participants project harmonized inflation to average 1.1% in 2021, which is down 0.1 percentage points from last month’s estimate, and 1.6% in 2022.


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Slovenia Inflation February 2021

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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