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.
Author: David Ampudia, Economist