Slovenia: Inflation eases in June
June 30, 2011
In June, consumer prices dropped 0.5% over the previous month (May: +0.8% month-on-month), which represents the first negative reading since December 2010. Lower prices for clothing and footwear as well as for food were the main drivers behind the monthly fall. As a result of the monthly outturn, annual headline inflation slipped from 2.2% in May to 1.3% in June, which represents the lowest reading since March 2010. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) slowed from 2.4% in May to 1.6% in June. At the current level, inflation is still below the June estimate of 2.7% for the entire Euro area.