Slovenia Inflation


Slovenia: Decline in consumer prices continues in September

September 30, 2014

Consumer prices rose 0.3% in September over the previous month, which followed the flat reading tallied in August. The monthly reading mostly reflected a sharp increase in prices for clothing and footwear and, to a lesser extent, for food and non-alcoholic beverages.

Annual consumer prices fell 0.3% in September, which matched the result observed in August. Consequently, the print represented the lowest rate since July 2009. Meanwhile, annual harmonized consumer prices fell from a flat reading in August to a 0.1% decline in September, which represented the lowest print since July 2009. Annual average HICP inflation ticked down from August’s 0.8% to 0.6% in September, which marked yet another 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 0.8% 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 Chart

Slovenia Inflation September 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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