Slovenia: Inflation falls to 20-month low in April
April 30, 2013
In April, consumer prices rose 0.7% over the previous month, which was up from the 0.3% increase tallied in March. The monthly figure was mainly driven by higher prices for clothing and footwear as well as for food and non-alcoholic beverages.
Despite the monthly increase, annual headline inflation decelerated sharply from 2.0% in March to 1.5% in April, thereby falling to its lowest level since August 2011. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) decreased from 2.2% in March to 1.6% in April, driving annual average HICP inflation to 2.7% (March: 2.8%).
The Central Bank sees average inflation at 2.3% this year, before falling to 1.4% in 2014. FocusEconomics Consensus Forecast participants expect HICP inflation to average 2.3% this year, which is up 0.1 percentage points over the previous month's forecast. In 2014, the panel expects HICP inflation to slow to 1.9%.