Slovenia: Inflation picks up in September
September 30, 2011
In September, consumer prices rose 0.6% over the previous month, which doubled the 0.3% month-on-month increase observed in August. According to the statistical office, this month's rise was driven by higher prices for clothing and footwear (+14.3% month-on-month), due to the arrival of the autumn-winter collections. Owing to the strong monthly price increase, annual headline inflation jumped from a 0.9% increase in August to a 2.1% rise in September, which represents the highest rate in four months. Annual HICP inflation (based on the harmonized index of consumer prices) remained at 2.0% for the third consecutive month. At the current level, however, inflation is still below the September estimate of 3.0% for the entire Euro area.