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.
Author: Nihad Ahmed, Economist