Inflation in Slovenia
Slovenia - Harmonized Inflation
Inflation comes in at highest level since our records began in July
Consumer prices increased 0.96% from the previous month in July, coming in below the 2.74% increase logged in June. July's result marked the weakest reading since March. Looking at the details of the release, petroleum products and holiday packages were the largest contributors. Meanwhile, summer sales led to lower clothing prices.
Despite the softer month-on-month reading, annual inflation rose to 11.0% in July from June’s 10.4%. July's result represented the highest inflation rate since our current records began in 2001. Annual average inflation rose to 6.3% in July (June: 5.5%). Finally, harmonized inflation rose to 11.7% in July, from the previous month's 10.8%.
FocusEconomics Consensus Forecast participants project harmonized inflation to average 7.9% in 2022, which is up 0.5 percentage points from last month’s forecast. In 2023, the panel expects harmonized inflation to average 5.3%.
Slovenia - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.8||-0.2||1.6||1.9||1.7|
5 years of economic forecasts for more than 30 economic indicators.
Slovenia Harmonized Inflation Chart
Source: Statistical Office and FocusEconomics calculations.
|Bond Yield||0.30||-0.79 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 16, 2022
Activity softened in the second quarter, with GDP expanding 8.2% year on year (Q1: +9.6 yoy).
August 10, 2022
Industrial output grew 0.7% compared to the same month a year earlier in June, which was a deterioration from May's 2.9% increase.
July 29, 2022
Consumer prices increased 0.96% from the previous month in July, coming in below the 2.74% increase logged in June.
July 11, 2022
Industrial output grew 3.0% compared to the same month of the previous year in May, which was above April's 1.9% increase.
June 30, 2022
Consumer prices increased 2.74% in June over the previous month, picking up from the 2.03% rise logged in May. Inflation came in at 10.4% in June, which was up from May’s 8.1%.