Slovenia Inflation January 2019

Slovenia

Slovenia: Inflation falls to a 15-month low in January

February 6, 2019

Consumer prices decreased 1.1% from the previous month in January, after a 0.6% month-on-month downturn in December. The monthly print reflected significantly lower prices for clothing and footwear, as well as reduced prices for transport. In contrast, prices for food and non-alcoholic beverages jumped in January from a month earlier. Meanwhile, harmonized consumer prices fell 0.9% in the same period, after decreasing 0.6% in December.

Inflation eased to 1.1% in January (December: 1.4%), while harmonized inflation also moderated (January: 1.2%; December: 1.4%). Annual average harmonized inflation, meanwhile, matched December’s 1.9% reading.

The Central Bank expects harmonized inflation to average 2.2% in 2019 and 2.3% in 2020. FocusEconomics Consensus Forecast participants project it averaging 1.9% in 2019, which is unchanged from last month’s forecast, and 2.1% in 2020.


Author:, Economist

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Slovenia Inflation January 2019 0

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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