Slovenia Inflation September 2016

Slovenia

Slovenia: Inflation rises in September

September 30, 2016

In September, consumer prices edged up 0.1% from the previous month, which was above the flat growth recorded in August. The slight increase in September reflected higher prices for garments, which offset lower prices for petroleum products.

Inflation came in at 0.2% in September, which contrasted the zero reading observed in August. September’s reading marked the fourth consecutive time that the annual change in consumer prices was not negative. Consumer prices had fallen uninterruptedly from January 2015 to May 2016. Meanwhile, harmonized inflation was 0.2% in September, contrasting August’s 0.2% annual drop in harmonised prices. The annual average variation of HICP inflation increased slightly from August’s minus 0.6% to minus 0.5% in September.

The Central Bank expects harmonized consumer prices to average minus 0.2% in 2016 and foresees harmonised inflation of 1.4% in 2017. FocusEconomics Consensus Forecast participants expect HICP inflation to be flat in 2016, which is unchanged from the previous month’s forecast. In 2017, the panel expects HICP inflation to accelerate to 1.3%.


Author:, Senior Economist

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Slovenia Inflation September 2016

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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