Slovenia: Inflation jumps to three-year high in February
February 29, 2012
In February, consumer prices rose 0.6% over the previous month, which contrasted the 0.5% decline in January. According to the Statistical Office, the monthly increase was mainly driven by higher prices of fruit, vegetables, petroleum products, electricity and package holidays. As a result of the monthly price rise, annual headline inflation accelerated from January's 2.3% to 2.9%, which represents the highest reading since November 2008. Annual HICP inflation (based on the harmonized index of consumer prices) rose from 2.3% in January to 2.8% in February. At its current level, HICP inflation in Slovenia is slightly above the February estimate of 2.7% for the entire Euro area.