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Slovenia Inflation July 2023

Slovenia: Harmonized inflation falls to lowest level since December 2021 in July

Harmonized inflation came in at 5.7% in July, down from June’s 6.6%. July’s result represented the weakest inflation rate since December 2021. The figure was primarily driven by slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for transportation decreased at a quicker rate. That said, prices for recreation and restaurants and hotels picked up pace.

Annual average harmonized inflation fell to 9.4% in July (June: 9.9%). Meanwhile, consumer price inflation fell to 6.1% in July, from June’s 6.9%.

Lastly, harmonized consumer prices were flat in July over the previous month, below June’s 0.90% rise. July’s result marked the weakest reading since January.

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