Slovenia Inflation


Slovenia: Consumer prices rebound at the end of 2014

December 30, 2014

Consumer prices fell 0.5% in December over the previous month, which followed the 0.2% decrease tallied in November. The monthly reading, which marked the sharpest drop in five months, mostly reflected a sizeable decrease in prices for clothing and footwear as well as for transportation.

Annual consumer prices rose 0.2% in December, which contrasted the 0.2% drop tallied in November and represented the first increase in consumer prices in five months. Meanwhile, annual harmonized consumer prices fell 0.1%, which contrasted the 0.1% increase observed in the previous month. Annual average HICP inflation stabilized at November’s 0.4% in December, thereby remaining at an all-time record low.

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 0.5% in 2014, which is unchanged over the previous month’s forecast. In 2015, the panel expects HICP inflation to accelerate to 1.0%, which is also unchanged from last month’s estimate.

Author: Ricard Torné, Lead Economist

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Slovenia Inflation Chart

Slovenia Inflation December 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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