Slovenia Inflation February 2019

Slovenia

Slovenia: Inflation creeps up in February

February 28, 2019

Consumer prices rose 0.8% from the previous month in February, after a 1.1% month-on-month fall in January. The monthly upturn was driven by spiking prices for clothing and footwear, compared with the previous month, due to the end of post-Christmas discounts. Meanwhile, harmonized consumer prices increased 0.7% month-on-month in February, after decreasing 0.9% in January.

Inflation edged up to 1.2% in February (January: 1.1%), while harmonized inflation also increased (February: 1.3%; January: 1.2%). Annual average harmonized inflation, meanwhile, matched January’s 1.9% reading.

The Central Bank expects harmonized inflation to average 2.2% in 2019 and 2.3% in 2020. FocusEconomics Consensus Forecast participants project it averaging 1.9% in 2019, which is unchanged from last month’s forecast, and 2.1% in 2020.


Author:, Economist

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Slovenia Inflation February 2019

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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