Slovenia: Inflation remains unchanged in August
August 31, 2011
In August, consumer prices rose 0.3% over the previous month (June: -1.1% month-on-month), which represented the first positive reading after recording two consecutive monthly declines. According to the statistical office, higher prices for fuels and energy, as well as for package holidays, were the main drivers behind the monthly rise. Despite the pronounced monthly price increase, annual headline inflation remained unchanged in August at the previous month's 0.9%, which represents the lowest rate since November 2009. Annual HICP inflation (based on the harmonized index of consumer prices) remained at the 2.0% observed in the previous month. At the current level, inflation is still below the August estimate of 2.5% for the entire Euro area.