Slovenia: Inflation inches down in July
July 29, 2016
Consumer prices fell 0.9% over the previous month in July, which contrasted the 0.6% increase recorded in June and marked the lowest figure in six months. Prices for clothing and footwear were down due to summer sales at many retailers. Prices for vegetables also fell over the previous month.
Inflation came in at 0.2% in July, which was down from the 0.3% recorded in June. July’s reading marked the second consecutive time that the annual change in consumer prices was positive, while prices had been falling between January 2015 and May. Meanwhile, the annual variation in the HICP was minus 0.1% in July, contrasting the 0.1% increase in June. The annual average variation of HICP inflation inched was steady at June’s minus 0.7% in July.
Author: David Ampudia, Economist