Slovenia: Inflation accelerates in October to an almost three-year high
October 31, 2011
In October, consumer prices jumped 0.7% over the previous month, which was above the 0.6% rise observed in September. According to the Statistical Office, the monthly rise was driven by higher prices for clothing and footwear (+10.4% month-on-month), due to new lines in stores. Owing to the strong monthly price increase, annual headline inflation climbed from 2.1% in September to 2.7% in October, the highest rate since December 2008. Annual HICP inflation (based on the harmonized index of consumer prices) grew from a 2.3% increase in September to a 2.9% rise in October. At its current level, however, inflation is still below the October estimate of 3.0% for the entire Euro area.