Slovenia: Inflation hits lowest level in over four years
December 29, 2013
Consumer prices fell 0.9% over the previous month in December, undershooting the 0.1% decline tallied in November. The decrease primarily reflects lower prices for clothing and footwear as well as for communications.
Annual headline inflation fell from 1.3% in November to 0.7% in December, marking the lowest reading since October 2009. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) decreased from 1.2% in November to 0.9% in December. Annual average HICP inflation closed 2013 at 1.9%, which was below the 2.8% recorded in 2012.
FocusEconomics Consensus Forecast participants expect HICP inflation to average 1.8% in 2014, which is unchanged over the previous month's forecast. In 2015, the panel expects HICP inflation to slow to 2.0%.