Slovenia Inflation

Slovenia

Slovenia: Consumer prices decline at record annual pace in October

October 30, 2015

Consumer prices were unchanged in October over the previous month, which was up from the 0.1% decrease tallied in September. The monthly reading reflected that lower prices in several categories, including food and beverages as well as transportation, were offset by much higher prices for clothing and footwear.

Consumer prices fell 0.8% in annual terms in October, which followed the 0.6% decline tallied in September and marked a record low. Meanwhile, annual harmonized consumer prices fell 1.2% in October, following the 1.0% decrease observed in the previous month. Annual average HICP fell 0.6% in October, which was down from September’s 0.5% decline.

The Central Bank expects HICP inflation to average minus 0.1% in 2015. FocusEconomics Consensus Forecast participants expect HICP inflation to average minus 0.5% in 2015, which is down 0.2 percentage points over the previous month’s forecast. In 2016, the panel expects HICP inflation to accelerate to 0.7%, which is also down 0.2 percentage points from last month’s estimate.


Author:, Economist

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Slovenia Inflation October 2015 0

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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