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%.
Author: Nihad Ahmed, Economist