Slovenia Inflation January 2018

Slovenia

Slovenia: Inflation edges down in January

February 7, 2018

Consumer prices declined 0.8% over the previous month in January, contrasting a flat reading in month-on-month terms in December. A breakdown of the components shows prices declined in five subcomponents, which more than offset higher prices in the remaining seven. Mirroring last month’s pattern, prices for clothing and footwear dropped the most. On the other hand, prices for food and non-alcoholic beverages recorded the biggest upturn.

Inflation came in at 1.5% in January, down from December’s eight-month high of 1.7%. Harmonized consumer prices fell 0.6% over the previous month in January, following a 0.1% month-on-month increase in December, and harmonized inflation edged down to 1.7% (December: 1.9%). Annual average harmonized inflation also declined to 1.7% in January from 1.9% in December.

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 1.9%.


Author:, Economist

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Slovenia Inflation January 2018

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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