Slovenia Inflation April 2016

Slovenia

Slovenia: Consumer prices decrease for 16th consecutive month in April

April 29, 2016

Consumer prices increased 0.4% in April over the previous month, which was below the 0.7% decrease recorded in March. The monthly reading mainly reflected an increase in the prices of clothing and footwear as the post-holiday discount season drew to a close.

Consumer prices fell 0.6% in annual terms in April, a less severe decrease than the 0.9% drop recorded in March. Meanwhile, annual harmonized consumer prices fell 0.7% in April, up from the 1.0% drop seen in March. Annual average HICP fell 0.8% in March for the fifth month in a row.

The Central Bank expects HICP inflation to average 1.0% in 2016 and increase to 1.5% in 2017. FocusEconomics Consensus Forecast participants expect HICP inflation to average 0.2% in 2016, which is down 0.1 percentage points over the previous month’s forecast. In 2017, the panel expects HICP inflation to accelerate to 1.3%.


Author:, Economist

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Slovenia Inflation April 2016

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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