Slovenia: Inflation hits lowest level in over four years in February
February 28, 2014
Consumer prices rose 0.1% over the previous month in February, which contrasted the 0.6% decline tallied in January. The increase primarily reflects higher prices for alcoholic beverages and tobacco, as well as for restaurants and hotels.
Annual headline inflation fell from 0.8% in January to 0.1% in February, thus reaching the lowest rate since October 2009. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) declined from 0.9% in January to 0.2% in February. Annual average HICP inflation decreased from 1.8% in January to 1.5% in February.
FocusEconomics Consensus Forecast participants expect HICP inflation to average 1.7% in 2014, which is unchanged over the previous month's forecast. In 2015, the panel expects HICP inflation to slow to 1.8%.