Slovenia: Consumer prices drop for 17th consecutive month in May
May 31, 2016
Consumer prices increased 0.9% in May over the previous month, which was above the 0.4% rise recorded in April. The monthly print mainly reflected an increase in the prices of clothing and footwear while prices for food and non-alcoholic beverages remained resilient on the back of a surge in fruit prices.
Consumer prices fell 0.4% in annual terms in May, which marked a slight improvement from the 0.6% drop recorded in April. Nonetheless, May’s print represented the 17th consecutive annual decline in consumer prices. Meanwhile, harmonized consumer prices fell 0.6% annually in May, which was a tick up from the 0.7% drop seen in April. The annual average variation of HICP inflation was minus 0.8% for the sixth month in a row in May.
Author: David Ampudia, Economist