Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
Inflation in Slovenia
In the year 2024, the inflation in Slovenia was 1.99%, compared to 0.37% in 2014 and 7.22% in 2023. It averaged 2.26% over the last decade. For more inflation information, visit our dedicated page.
Slovenia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Slovenia from 2014 to 2024.
Source: Macrobond.
Slovenia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.7 | -0.3 | 2.0 | 9.3 | 7.2 |
| Inflation (CPI, ann. var. %, eop) | 1.8 | -1.1 | 4.9 | 10.3 | 4.2 |
| Inflation (HICP, ann. var. %, eop) | 2.0 | -1.2 | 5.1 | 10.8 | 3.8 |
| Inflation (PPI, ann. var. %, aop) | 0.7 | -0.3 | 5.5 | 19.6 | 6.4 |
Harmonized inflation drops to lowest level in over three years in August
Latest reading: Harmonized inflation came in at 1.1% in August, down from July’s 1.4%. August's figure marked the lowest inflation rate since March 2021 and was firmly below the Euro area average of 2.2%. The reading was largely due to steeper declines in prices for housing and utilities, and transport. Annual average harmonized inflation fell to 3.4% in August (July: 3.9%). Meanwhile, consumer price inflation fell to 0.9% in August from the previous month's 1.3%. Finally, harmonized consumer prices were unchanged from the previous month in August, after July's 0.20% fall.
Panelist insight: Analysts at the EIU commented: “We expect headline inflation to remain moderate in 2024 overall, however, driven by softer energy and food-price pressures and lagged effects of tighter monetary policy, although we note upside risks from tighter oil markets and volatile climatic conditions that could affect food prices.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovenian inflation projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Slovenian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovenian inflation projections.
Want to get access to the full dataset of Slovenian inflation forecasts? Send an email to info@focus-economics.com.
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