Slovenia Inflation March 2018

Slovenia

Slovenia: Inflation inches up in March

March 30, 2018

Consumer prices continued on an upward trend, increasing 0.3% over the previous month in March, following a 0.7% month-on-month increase in February. Nine out the 12 sub-components saw an increase in prices, led by a notable jump in the prices for clothing and footwear. Meanwhile, prices declined in the remaining three sub-components, with recreation and culture experiencing the biggest drop in prices.

Inflation in March mirrored February’s print of 1.2%. Harmonized consumer prices rose 0.4% over the previous month in March, after rising 0.6% mom in the previous month. Meanwhile, harmonized inflation creeped up to 1.5% in March from 1.4% in February. Annual average harmonized inflation also inched up to 1.5% in March from 1.4% in February.

The Central Bank expects harmonized consumer prices to average 1.6% in 2018 and 2.1% in 2019. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.6% in 2018, which is unchanged from last month’s forecast. In 2019, the panel expects HICP to average 1.7%.


Author:, Economist

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Slovenia Inflation March 2018

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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