Slovenia: Inflation rises in February
February 28, 2013
In February, consumer prices rose 0.8% over the previous month, which contrasted a drop of the same magnitude in January. The monthly increase was mainly driven by higher prices for clothing and footwear as well as for housing, water and electricity.
Building on the monthly increase, annual headline inflation accelerated from 2.4% in January to 2.7% in February. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) increased from 2.8% in January to 3.0% in February, driving annual average HICP inflation to 2.9% (December: 2.9%).
The Central Bank anticipates inflation to moderate to 2.3% this year. Consensus Forecast participants expect HICP inflation to average 2.1% this year, which is down 0.1 percentage points over the previous month's forecast. In 2014, the panel expects HICP inflation to slow to 2.0%.