Slovenia: Inflation climbs to the highest rate in eight months
December 29, 2017
In December, consumer prices came in flat in month-on-month terms, contrasting a 0.3% rise over the previous month in November and interrupting four consecutive months of rising prices. Looking at a breakdown of the components, prices declined in three subcategories, remained constant in two, and saw an upturn in the remaining seven. Prices for clothing and footwear declined the most, while prices for furnishings, household equipment and routine household maintenance registered the biggest increase. Meanwhile, prices for health and education were unchanged from the previous month.
Inflation jumped to 1.7% in December, up from 1.2% in November, marking the highest reading in eight months. Driving the upturn was likely a broad-based increase in prices ahead of the holiday season. Harmonized consumer prices recorded a 0.1% increase in December, following a 0.3% rise in November, and harmonized inflation climbed to 1.9%, up from 1.4% in November. Annual average harmonized inflation also rose to 1.9% from 1.4% in November.
Author: Nihad Ahmed, Economist