Slovenia Inflation July 2017

Slovenia

Slovenia: Inflation inches up in July

July 31, 2017

Consumer prices fell 0.7% in July over the previous month, swinging to a decline after remaining flat in June. Substantially lower prices for clothing and footwear were largely behind the drop due to summer sales.

Inflation inched up to 1.0% in July from 0.9% in June. Meanwhile, harmonized consumer prices fell 0.6% month-on-month in July, a steeper drop than June’s 0.1% fall. Harmonized inflation, on the other hand, rose to 1.2% in July from June’s 0.9%. Annual average harmonized inflation mirrored July’s reading, edging up from 0.9% in June to 1.2%.

The Central Bank expects harmonized consumer prices to increase 1.7% in 2017 and 1.6% in 2018. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.6% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects HICP inflation to average 1.8%.


Author:, Economist

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Slovenia Inflation July 2017

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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