Slovenia Inflation October 2017


Slovenia: Inflation drops in October

October 30, 2017

In October, consumer prices increased 0.1% over the previous month, down from a 0.2% rise in September. Higher prices for clothing and footwear, and greater costs for education spearheaded the increase in prices. The reduction from the previous month can be attributed to a notable decline in prices for recreation and culture.

Inflation fell to 1.0% in October, down from 1.4% in September, led by lower prices for clothing and footwear in annual terms. Meanwhile, harmonized consumer prices mirrored September’s 0.3% rise, and harmonized inflation inched down to 1.3% (September: 1.4%). Likewise, annual average harmonized inflation dipped slightly to 1.3% in October from 1.4% in September.

The Central Bank expects harmonized consumer prices to average 1.6% in 2018 and 2.1% in 2019. In line with the Bank’s forecast, FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.6% in 2018, which is down 0.1 percentage points from last month’s forecast. In 2019, the panel expects HICP inflation to average 1.9%.

Author:, Economist

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Slovenia Inflation Chart

Slovenia Inflation October 2017 0

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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