Slovenia: Inflation remains stable in November at an almost three-year high
November 30, 2011
In November, consumer prices added 0.3% over the previous month, which was below the 0.7% rise observed in October. According to the Statistical Office, the monthly rise was driven by higher prices for clothing and footwear (+2.6% month-on-month) as well as in the communications category (+1.8% mom). Owing to the more subdued monthly price increase, annual headline inflation remained stable at October's 2.7%, which is, nevertheless, the highest rate since December 2008. Annual HICP inflation (based on the harmonized index of consumer prices) moderated somewhat from 2.9% in October to 2.8% in November. At its current level, Slovenian HICP inflation is a notch below the November estimate of 3.0% for the entire Euro area.