Slovenia Inflation

Slovenia

Slovenia: Inflation reaches highest level in four months in May

May 30, 2014

Consumer prices rose 0.6% over the previous month in May, which followed the 0.5% increase tallied in April. The increase primarily reflects higher prices for alcoholic beverages and tobacco as well as for clothing and footwear.

Annual headline inflation rose from 0.4% in April to 0.7% in May, which marked the highest level thus far this year. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) rose from 0.5% in April to 1.0% in May. Annual average HICP inflation held steady at the previous month’s 1.3% in May, which marked the lowest level since May 2010.

The Central Bank expects HICP inflation to average 0.5% in 2014 and 1.1% in 2015. FocusEconomics Consensus Forecast participants expect HICP inflation to average 1.0% in 2014, which is down 0.2 percentage points over the previous month’s forecast. In 2015, the panel expects HICP inflation to accelerate to 1.5%.


Author: Ricard Torné, Lead Economist

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Slovenia Inflation May 2014

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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