Slovenia Inflation May 2021

Slovenia

Slovenia: Inflation remains steady in May

May 31, 2021

Consumer prices rose 0.93% in May over the previous month, coming in below the 1.04% increase seen in April. The slowdown was largely driven by slower growth in prices for both utilities and food and non-alcoholic beverages. In addition, prices for clothing and footwear grew at a more subdued pace.

Inflation was stable at 2.1% in May. May's figure marked the highest inflation rate since August 2019. The annual average variation of consumer prices was flat in May (April: -0.3%). Lastly, harmonized inflation was unchanged, coming in at April's 2.2% in May.

FocusEconomics Consensus Forecast participants project harmonized inflation to average 1.2% in 2021, which is up 0.1 percentage points from last month’s estimate, and 1.7% in 2022.


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Slovenia Inflation May 2021

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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