Slovenia Inflation December 2020

Slovenia

Slovenia: Consumer prices record largest decline since May in December

December 30, 2020

Consumer prices dropped a seasonally-adjusted 0.32% in December over the previous month, a more moderate decrease than November's 0.76% drop. The result was driven by a softer fall in prices for food and non-alcoholic beverages and clothing and footwear. In addition, prices for electricity, gas and other fuels increased for the first time in four months.

Consumer prices declined 1.1% year-on-year in December, which followed November’s 0.9% fall. December's figure represented the largest fall in consumer prices since May. The annual average variation of consumer prices fell to minus 0.1% in December (November: +0.2%). Lastly, harmonized prices fell 1.2% on an annual basis in December, which was a larger decrease compared to November's 1.1% decrease.

FocusEconomics Consensus Forecast participants project harmonized inflation to average 1.2% in 2021, which is down 0.2 percentage points from last month’s estimate, and 1.6% in 2022.


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Slovenia Inflation December 20 20

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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