Slovenia Inflation May 2017

Slovenia

Slovenia: Inflation eases for a third month in May

May 31, 2017

Consumer prices increased 0.7% in May from a month earlier and came in above April’s 0.3% rise. May’s acceleration was mainly due to higher food prices, while higher prices for clothing and footwear also contributed notably to the monthly increase.

Inflation came in at 1.5% in May, down from April’s 1.8% and a four-month low. Meanwhile, harmonized inflation also clocked in at 1.5% in May and came in below April’s 1.7%. Moreover, annual average harmonized inflation rose to 0.9% in May from 0.8% a month earlier.

The Central Bank expects harmonized consumer prices to increase 1.4% in both 2017 and 2018. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.7% in 2017, which is up 0.1 percentage points from last month’s forecast. In 2018, the panel expects HICP inflation to average 1.8%.


Author:, Economist

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Slovenia Inflation May 2017

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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