Slovenia Inflation February 2016

Slovenia

Slovenia: Consumer prices drop considerably in February

February 29, 2016

Consumer prices were flat in February over the previous month (December: -1.4% month-on-month). The monthly reading was mainly driven by lower prices for petroleum, while prices of clothing and furniture increased.

Consumer prices fell 0.7% in annual terms in February, which was down from January’s 0.6% reading. Meanwhile, annual harmonized consumer prices fell 0.9% in February, which followed the 0.8% decrease observed in the previous month. Annual average HICP remained unchanged at January’s minus 0.8%.

The Central Bank expects HICP inflation to average 1.0% in 2016 and increase to 1.5% in 2017. FocusEconomics Consensus Forecast panel participants expect HICP inflation to average 0.6% in 2016, which is down 0.1 percentage points compared to the previous month’s forecast. In 2017, the panel expects HICP inflation to accelerate to 1.3%.


Author: Massimo Bassetti, Economist

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Slovenia Inflation February 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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