Slovenia Inflation July 2018

Slovenia

Slovenia: Inflation edges down in July

July 31, 2018

Consumer prices fell 0.9% month-on-month in July, after coming in flat in June. Five out of the 12 sub-components recorded an increase in prices from the previous month, five of the categories saw a decline, while the remaining two registered a flat reading. Prices for recreation and culture increased the most, while prices for furnishings, household equipment and routine household equipment dropped by the biggest magnitude.

Inflation edged down to 1.9% in July from 2.1% in June. Harmonized consumer prices fell 0.8% month-on-month after coming in flat over the previous month. Meanwhile, harmonized inflation edged down to 2.1% in July from 2.3% in June. Annual average harmonized inflation in July inched down to 1.7% from 1.6% in June.

The Central Bank expects harmonized consumer prices to average 2.0% in 2018 and 2.2% in 2019. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.9% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, the panel expects HICP to average 1.9%.


Author:, Economist

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Slovenia Inflation July 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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