Slovenia Inflation August 2019

Slovenia

Slovenia: Inflation rises to two-and-a-half year high in August

August 30, 2019

Consumer prices rose 0.4% over the previous month in August, contrasting a 0.7% month-on-month drop in July. Higher prices for clothing and footwear led the upturn, followed by increased costs for recreation and culture, and restaurants and hotels. Meanwhile, harmonized consumer prices rebounded from a 0.7% fall in June to a 0.4% rise.

Inflation climbed to 2.3% in August from 2.0% in July—the highest print since February 2017. Harmonized inflation rose to 2.4% from 2.0% in July. Lastly, annual average harmonized inflation remained stable at 1.8% in August.

The Central Bank expects harmonized inflation to average 1.7% in 2019 and 2.0% in 2020. FocusEconomics Consensus Forecast participants project it averaging 1.6% in 2019, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2020.


Author:, Economist

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Slovenia Inflation August 2019

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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