Slovenia Inflation August 2022

Slovenia

Slovenia: Harmonized inflation drops in August

August 31, 2022

Harmonized inflation came in at 11.5% in August, down from July’s 11.7%. Looking at the details of the release, price pressures for transportation fell. Meanwhile, prices for food and non-alcoholic beverages, and housing and utilities, increased at a quicker pace.

Annual average harmonized inflation rose to 7.1% in August (July: 6.3%). Meanwhile, consumer price inflation was steady, coming in at July's 11.0% in August.

Lastly, harmonized consumer prices fell 0.10% in August over the previous month, swinging from the 0.90% increase logged in July. August's result marked the sharpest fall in prices since March.

FocusEconomics analysts project harmonized inflation to average 8.7% in 2022, which is up 0.8 percentage points from last month’s forecast, and 5.7% in 2023.


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Slovenia Inflation August 2022

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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