Inflation in Slovenia
Slovenia - Inflation
Inflation comes in at highest level since September 2008 in December
Consumer prices fell 0.01% in December over the previous month, swinging from November's 0.70% rise. December's result marked the weakest reading since September. Looking at the details of the release, prices for food and non-alcoholic beverages rose in December, having fallen in the previous month. In contrast, prices for transportation dropped after growing in the previous month. Meanwhile, electricity, gas and other fuels prices rose at a weaker pace.
Inflation rose to 4.9% in December, above November’s 4.6%. December's figure marked the highest inflation rate since September 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.9% in December (November: 1.4%). Lastly, harmonized inflation ticked up to 5.1% in December, from the previous month's 4.9%.
On the outlook, analysts at Erste Bank highlighted:
“Inflation pressures will most likely remain pronounced […] heading into , reflecting global energy and commodity price developments, hence supply-side developments. Meanwhile, we continue to see demand-side pressures staying balanced.”
FocusEconomics analysts project harmonized inflation to average 2.4% in 2022, which is up 0.4 percentage points from last month’s forecast, and 1.8% in 2023.
Slovenia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.5||-0.1||1.4||1.7||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Slovenia Inflation Chart
Source: Statistical Office and FocusEconomics calculations.
|Bond Yield||0.30||-0.79 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 10, 2022
Industrial output increased 10.1% compared to the same month of the previous year in November, which followed October's 3.4% increase.
December 30, 2021
Consumer prices fell 0.01% in December over the previous month, swinging from November's 0.70% rise.
December 10, 2021
Industrial output increased 6.1% compared to the same month a year earlier in October, which followed September's 8.6% increase.
November 30, 2021
Consumer prices increased 0.70% over the previous month in November, below the 0.90% increase recorded in October.
November 30, 2021
GDP growth slowed markedly to 5.0% year-on-year in the third quarter, from 16.3% in the second quarter. The downturn was broad-based, with private consumption, public spending, fixed investment and exports all weakening.