Slovenia: Inflation rebounds in June
June 28, 2013
In June, consumer prices were flat over the previous month, which was down from the 0.3% increase tallied in May. The monthly figure mainly reflects how a large gain in prices for recreation as well as for transport was offset by lower prices for clothing and footwear as well as for food and non-alcoholic beverages.
Despite the monthly flat reading, annual headline inflation accelerated from 1.2% in May to 1.9% in June, thereby rising to its highest level in three months. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) rose from 1.6% in May to 2.2% in June. Annual average HICP inflation was unchanged at 2.7%.
FocusEconomics Consensus Forecast participants expect HICP inflation to average 2.2% this year, which is unchanged over the previous month's forecast. In 2014, the panel expects HICP inflation to slow to 1.9%.