Slovenia: Consumer prices drop considerably in January
February 5, 2016
Consumer prices decreased 1.4% in January over the previous month (December: -0.4% month-on-month), which represents the largest drop on record. The monthly fall was mainly driven by seasonal discounts on clothing and footwear and by lower prices of petroleum products.
Consumer prices fell 0.6% in annual terms in January, which was down from December’s 0.5% reading. Meanwhile, annual harmonized consumer prices fell 0.8% in January, following the 0.6% decrease observed in the previous month. Annual average HICP remained unchanged at December’s minus 0.8%.