Slovenia Inflation September 2017

Slovenia

Slovenia: Inflation edges up in September

October 16, 2017

In September, consumer prices rose 0.2% over the previous month, which followed a 0.1% rise in August. The upturn in prices was led by an over 10% increase compared to the preceding month in the prices of clothing and footwear. Food and non-alcoholic beverages; healthcare; and furnishings, household equipment and routine household maintenance also recorded higher month-on-month prices.

Inflation increased to 1.4% in September, up from 1.2% in August. Meanwhile, harmonized consumer prices rose 0.3% in September over the previous month, which followed a 0.1% increase in August. Harmonized inflation, on the other hand, remained at August’s 1.4%. As a result, annual average harmonized inflation came in at 1.4% in September, also unchanged from the previous month.

The Central Bank expects harmonized consumer prices to average 1.6% in 2018. In line with the Bank’s forecast, 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 inflation to average 1.9%.


Author:, Economist

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Slovenia Inflation September 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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