Slovenia Inflation December 2018

Slovenia

Slovenia: Inflation recedes in December

December 28, 2018

Consumer prices decreased 0.6% from the previous month in December, after a 0.1% month-on-month uptick in November. Specifically, 8 out of 12 sub-components registered lower prices, 2 logged higher prices, while growth was flat in the remaining 2 categories from November. Meanwhile, harmonized consumer prices fell 0.6% from the previous month in December, after increasing 0.1% in November.

Inflation fell to 1.4% in December, after November’s 2.0% turnout . Harmonized inflation also declined to 1.4%, down from 2.1% the previous month. Furthermore, the 12-month average harmonized inflation inched down to to 1.9% in December, from 2.0% in November.

The Central Bank expects harmonized consumer prices to average 2.2% in 2019 and 2.3% in 2020. FocusEconomics Consensus Forecast participants project harmonized inflation to average 1.9% in 2019, which is unchanged from last month’s forecast. In 2020, the panel sees HICP averaging 2.1%.


Author:, Economist

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Slovenia Inflation December 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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