Slovenia Inflation April 2018

Slovenia

Slovenia: Inflation climbs up in April

April 30, 2018

Consumer prices increased 0.7% over the previous month in April after a 0.3% month-on-month rise in March. Eight out of the 12 sub-components recorded higher prices, two came in flat, and the remaining two of registered lower prices. Clothing and footwear saw the biggest increase in prices, while food and non-alcoholic beverages declined the most. Meanwhile, prices for alcoholic beverages and tobacco, and education were unchanged from the previous month.

Inflation climbed up to 1.5% in April from 1.2% in March. Harmonized consumer prices increased 0.4% over the previous month in April, mirroring the movement in March. Meanwhile, harmonized inflation rose to 1.9% in April, up from 1.5% in March. Annual average harmonized inflation came in at 1.5% in April following a reading of 1.4% in March.

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 1.6% in 2018, which is unchanged from last month’s forecast. In 2019, the panel expects HICP to average 1.7%.


Author:, Economist

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Slovenia Inflation April 2018

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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