Slovenia Inflation December 2016

Slovenia

Slovenia: Inflation slows slightly in December

December 29, 2016

In December, consumer prices fell 0.5% from the previous month, which contrasted November’s 0.1% increase. The decrease mainly reflected lower prices for clothing and footwear due to the end of winter sales season.

Inflation edged down to 0.5% in December, from 0.6% in November and marked the lowest reading in three months. Meanwhile, harmonized inflation was 0.6% in December, following November’s 0.7%. The annual average variation in harmonized consumer prices increased from November’s minus 0.3% to minus 0.2% in December.

The National Bank of Slovakia (NBS) expects harmonized consumer prices to increase 1.4% in 2017 and in 2018. FocusEconomics Consensus Forecast participants expect harmonized consumer prices to fall 1.1% in 2017, which is unchanged from last month’s forecast. For 2018, the panel expects HICP inflation to be 1.9%.


Author:, Economist

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