Slovenia Inflation November 2020

Slovenia

Slovenia: Consumer prices register greatest fall since May in November

November 30, 2020

Consumer prices fell a seasonally-adjusted 0.76% in November over the previous month, contrasting the 0.31% increase logged in October. November's result marked the sharpest fall in prices since April. The reading was largely driven by falling prices for food and non-alcoholic beverages and clothes and footwear. In addition, price pressures for transportation were subdued.

Consumer prices decreased 0.9% on an annual basis in November, larger than October’s 0.1% fall. November's reading marked the largest fall in consumer prices since May. Annual average inflation ticked down to 0.2% in November (October: 0.4%). Harmonized prices fell 1.1% on an annual basis in November, which was a steeper drop compared to October's 0.5% decrease.

FocusEconomics Consensus Forecast participants project harmonized inflation to average 1.4% in 2021, which is unchanged from last month’s estimate, and 1.6% in 2022.


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Slovenia Inflation November 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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