Slovenia Inflation June 2016

Slovenia

Slovenia: Inflation returns in June after 17 months of being below zero

June 30, 2016

Consumer prices rose 0.6% over the previous month in June, which was below the 0.9% increase recorded in May. Prices for most consumer goods got a boost from the start of the summer holiday season, with food and non-alcoholic beverages, health, transportation and recreation and culture prices tallying the largest increases. Conversely, prices for clothing and footwear fell in June.

Inflation came in at 0.3% in June, which contrasted the 0.4% drop in consumer prices recorded in May and represented the highest reading in two years. Furthermore, the annual change in consumer prices in June was positive for the first time since December 2014. Meanwhile, HICP inflation came in at 0.1% in June, which was above May’s 0.6% decline in harmonized consumer prices. The annual average variation of HICP inflation inched up from minus 0.8% in May to minus 0.7% in June.

The Central Bank expects HICP inflation to average 1.0% in 2016 and to increase to 1.5% in 2017. FocusEconomics Consensus Forecast participants expect HICP inflation to be flat in 2016, which is unchanged over the previous month’s forecast. In 2017, the panel expects HICP inflation to accelerate to 1.3%.


Author:, Economist

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Slovenia Inflation June 2016 0

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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