Slovenia Inflation April 2017

Slovenia

Slovenia: Inflation slows in April

April 28, 2017

Consumer prices in April increased 0.3% from a month earlier and came in slightly below March’s 0.4% rise. April’s easing was mainly due to lower food prices, while higher prices for clothing and footwear contributed most to the monthly increase.

Inflation inched down to 1.8% in April, which was down from March’s 1.9% and marked a three-month low. Meanwhile, harmonized inflation was 1.7% in April and came in below March’s 2.0% reading. Moreover, annual average harmonized inflation rose to 0.8% in April from 0.6% a month earlier.

The Central Bank expects harmonized consumer prices to increase 1.4% in both 2017 and 2018. FocusEconomics Consensus Forecast participants expect harmonized inflation to average 1.6% in 2017, which is up 0.2 percentage points from last month’s forecast. In 2018, the panel expects HICP inflation to average 1.7%.


Author:, Economist

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Slovenia Inflation April 2017

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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