Slovenia Inflation October 2016

Slovenia

Slovenia: Inflation hits over two-year high in October

November 4, 2016

In October, consumer prices edged up 0.5% from the previous month, which was above the 0.1% increase in September. The increase mainly reflected higher prices for clothing and footwear as new lines in stores continued to have an impact on prices.

Inflation came in at 0.6% in October, which followed the 0.2% in September. October’s reading marked the highest rate since June 2014. Meanwhile, harmonized inflation was 0.7% in October, following September’s 0.2%. The annual average variation in harmonized prices increased from September’s minus 0.5% to minus 0.4% in October.

The National Bank of Slovakia (NBS) expects harmonized consumer prices to fall 0.5% in 2016 and to increase 1.1% in 2017. FocusEconomics Consensus Forecast participants expect harmonized consumer prices to fall 0.4% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, the panel expects HICP inflation to be 1.2%, which is down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Slovenia Inflation October 2016

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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