Slovenia Inflation

Slovenia

Slovenia: Consumer prices flat in July

July 31, 2014

Consumer prices fell 1.1% in July over the previous month, which contrasted the 0.1% increase tallied in June and marked the lowest print in three years. The monthly drop mostly reflected a sharp drop in clothing and footwear due to summer sales.

Annual headline inflation tumbled from 0.8% in June to a flat reading in July. July’s print represented the lowest rate since September 2009. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from June’s 1.0% to 0.3% in July. Annual average HICP inflation ticked down from June’s 1.2% to 0.9% in July, which marked the lowest level since March 2010.

The Central Bank expects HICP inflation to average 0.5% in 2014 and 1.1% in 2015. FocusEconomics Consensus Forecast participants expect HICP inflation to average 0.8% in 2014, which is down 0.2 percentage points over the previous month’s forecast. In 2015, the panel expects HICP inflation to accelerate to 1.4%.


Author: Ricard Torné, Lead Economist

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Slovenia Inflation July 2014

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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