Slovenia Inflation February 2018

Slovenia

Slovenia: Inflation continues on downward trend in February

February 28, 2018

Consumer prices rose 0.7% over the previous month in February, contrasting a 0.8% month-on-month decline in January. Looking at a breakdown of the components, eight out of the twelve sub-components registered an increase, three came in flat, and one fell over the previous month. Clothing and footwear recorded the biggest jump in prices, while furnishing, household equipment and routine household maintenance was the only category for which prices declined.

Inflation edged down to 1.2% in February from 1.5% in January. Harmonized consumer prices increased 0.7% over the previous month in February, contrasting a 0.6% month-on-month drop in January, and harmonized inflation moderated to 1.4% in February from 1.7% in January. Annual average harmonized inflation also fell to 1.4% in February from 1.7% in January.

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 unchanged from last month’s forecast. In 2019, the panel expects HICP to average 1.8%.


Author:, Economist

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Slovenia Inflation February 2018 1

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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