Slovenia Inflation April 2022

Slovenia

Slovenia: Inflation rises in April

April 29, 2022

Consumer prices rose by 2.56% in April over the previous month, compared to March's 1.11% decline. April’s result marked the strongest reading on record.

Inflation came in at 6.9% in April, which was up from March’s 5.4%. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.0% in April (March: 3.5%). Finally, harmonized inflation increased to 7.4% in April, from the previous month's 6.0%.

On the outlook, analysts at Erste Bank highlighted:

“Inflation pressures will most likely remain pronounced […] heading into [2022], reflecting global energy and commodity price developments, hence supply-side developments. Meanwhile, we continue to see demand-side pressures staying balanced.”

FocusEconomics analysts project harmonized inflation to average 5.1% in 2022, which is up 1.7 percentage points from last month’s forecast, and 2.6% in 2023.


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Slovenia Inflation April 2022 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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