Slovenia Inflation February 2017

Slovenia

Slovenia: Inflation hits over three-year high in February

March 1, 2017

In February, consumer prices increased 1.0% from the previous month, which contrasted January’s 0.6% decrease. The increase mainly reflected higher prices for petroleum products and food.

Inflation jumped to 2.2% in February, from 1.3% in January and marked the highest reading since August 2013. Meanwhile, harmonized inflation was 2.5% in February, which was above January’s 1.6% reading. The annual average variation in harmonized consumer prices increased from January’s flat reading to 0.3% in February.

The Central Bank expects harmonized consumer prices to increase 1.4% in both 2017 and 2018. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.4% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects HICP inflation to average 1.7%.


Author:, Economist

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Slovenia Inflation February 2017 1

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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