Slovenia Inflation

Slovenia

Slovenia: Decrease in consumer prices moderates in March

March 31, 2015

Consumer prices rose 0.9% in March over the previous month, which marked the highest increase in 30 months. The monthly reading mostly reflected a large increase in the prices of garments and footwear due to the new spring-summer collection, as well as higher prices for fuels.

Annual consumer prices fell 0.3% in March, which followed the 0.4% decline tallied in February and was the highest result in the last three months. Meanwhile, annual harmonized consumer prices fell 0.4%, which followed the 0.5% decrease observed in the previous month. Annual average HICP inflation inched down from 0.2% in February to 0.1% in March.

The Central Bank expects HICP inflation to average 0.7% in 2015. FocusEconomics Consensus Forecast participants expect HICP inflation to average 0.4% in 2015, which is down 0.1 percentage points over the previous month’s forecast. In 2016, the panel expects HICP inflation to accelerate to 1.3%.


Author:, Economist

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Slovenia Inflation March 2015

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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