Slovenia Inflation

Slovenia

Slovenia: Decline in consumer prices eases in October

October 30, 2014

Consumer prices rose 0.2% in October over the previous month, which followed the 0.3% increase tallied in September. The monthly reading mostly reflected a sharp increase in prices for clothing and footwear due to the impact of the arrival of new collections.

Annual consumer prices fell 0.2% in October, which was a notch above the 0.3% drop tallied in September. Meanwhile, annual harmonized consumer prices rebounded from a 0.1% drop in September to a 0.1% increase in October. Annual average HICP inflation ticked down from September’s 0.6% to 0.5% in October, 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 0.5% in 2014, which is down 0.1 percentage points over the previous month’s forecast. In 2015, the panel expects HICP inflation to accelerate to 1.0%, which is unchanged from last month’s estimate.


Author: Ricard Torné, Lead Economist

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Slovenia Inflation October 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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