Slovenia Inflation March 2021

Slovenia

Slovenia: Inflation returns in March

April 7, 2021

Consumer prices increased 0.34% in March over the previous month, picking up from the 0.29% rise recorded in February. March's reading was the sharpest increase in prices since June 2020. Looking at the details of the release, electricity, gas and other fuels prices rose at a quicker pace in March compared to the previous month, while price pressures for transportation picked up pace. In addition, prices for clothing and footwear gained steam.

Inflation came in at 0.1% in March, contrasting February’s 1.0% drop in prices. Meanwhile, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 0.6% in March (February: -0.5%). Harmonized consumer prices rose 0.1% in annual terms, contrasting the previous month's 1.1% decline.

FocusEconomics Consensus Forecast participants project harmonized inflation to average 1.0% in 2021, which is unchanged from last month’s estimate, and 1.5% in 2022.


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Slovenia Inflation March 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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