Slovenia Inflation May 2022

Slovenia

Slovenia: Inflation comes in at highest level since April 2002 in May

May 31, 2022

Consumer prices rose 2.03% in May over the previous month, below the 2.56% increase recorded in April. The moderation was primarily due to softer growth in prices for food and non-alcoholic beverages.

Inflation came in at 8.1% in May, up from April’s 6.9%. May's figure was the highest inflation rate since April 2002. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.8% in May (April: 4.2%). Finally, harmonized inflation rose to 8.7% in May, from April’s 7.4%.

FocusEconomics Consensus Forecast participants project harmonized inflation to average 7.0% in 2022, which is up 0.4 percentage points from last month’s forecast. In 2023, the panel expects harmonized inflation to average 4.3%.


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Slovenia Inflation May 2022

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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