Slovenia Inflation October 2021

Slovenia

Slovenia: Inflation comes in at highest level since September 2012 in October

October 29, 2021

Consumer prices increased 0.90% in October over the previous month, swinging from September's 0.06% drop. October's figure marked the highest reading since May. Looking at the details of the release, electricity, gas and other fuels prices rose at a quicker pace in October compared to the previous month and price pressures for transportation picked up pace.

Inflation rose to 3.0% in October from September’s 2.4%. October's reading was the highest inflation rate since September 2012. Annual average inflation rose to 1.0% in October (September: 0.7%). Lastly, harmonized inflation rose to 3.5% in October, from the previous month's 2.7%.

FocusEconomics Consensus Forecast participants project harmonized inflation to average 1.9% in 2022, which is up 0.1 percentage points from last month’s estimate, and 1.7% in 2023.


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Slovenia Inflation October 2021

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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