Slovenia Inflation June 2017

Slovenia

Slovenia: Inflation falls for the fifth consecutive month in June

June 30, 2017

Consumer prices were flat in June from the previous month, contrasting May’s 0.7% rise. While the prices for recreation and culture, and communications saw a marked increase, they were offset largely by a decline in clothing and footwear, and transport.

Inflation came in at 0.9% in June, down from 1.5% in May and marked a six-month low. Meanwhile, harmonized consumer prices swung from May’s 0.7% month-on-month rise to a 0.1% fall in June. Harmonized inflation fell to 0.9% in June, from May’s 1.5%. Annual average harmonized inflation remained at previous month’s 0.9% in June.

The Central Bank expects harmonized consumer prices to increase 1.7% in 2017 and 1.6% in 2018. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.6% in 2017, which is down 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 June 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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