The inflation rate in Slovenia rose to an eight-month high of 2.0 percent year-on-year in July 2019 from 1.8 percent in the previous month, as prices advanced faster for food and non-alcoholic beverages (2.9 percent vs 2.2 percent in June) and recreation & culture (2.0 percent vs 1.3 percent). On the other hand, transport cost continued to fall (-1.3 percent vs -0.9 percent) while housing & utilities prices went up at a softer pace (4.8 percent vs 5.2 percent). In addition, inflation was steady for miscellaneous goods & services (at 1.8 percent). On a monthly basis, consumer prices decreased 0.7 percent, after a 0.3 percent rise in the previous month. Inflation Rate in Slovenia averaged 4.79 percent from 1994 until 2019, reaching an all time high of 22.60 percent in August of 1994 and a record low of -0.90 percent in March of 2016.
Inflation Rate in Slovenia is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Slovenia to stand at 1.80 in 12 months time. In the long-term, the Slovenia Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.