Slovenia Inflation May 2018

Slovenia

Slovenia: Inflation climbs to a 15-month high in May

May 31, 2018

Consumer prices rose 1.2% over the previous month in May following a 0.7% month-on-month rise in April. Eleven out of the 12 sub-components saw prices rise from the previous month, while the remaining sub-component recorded a decline in prices. Prices for recreation and culture rose the most, while health was the only category that saw a decline in prices.

Inflation rose from 1.5% in April to 2.0% in May, the highest print since February of last year. Harmonized consumer prices climbed 1.0% over the previous month, following a 0.4% increase in April. Meanwhile, harmonized inflation edged up to 2.2% in May from 1.9% in April. Annual average harmonized inflation in April remained at March’s 1.5%.

The Central Bank expects harmonized consumer prices to average 1.6% in 2018 and 2.1% in 2019. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.7% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, the panel expects HICP to average 1.8%.


Author:, Economist

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Slovenia Inflation May 2018 0

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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