Slovenia: Harmonized inflation falls to lowest level in over three years in July
Harmonized inflation came in at 1.4% in July, which was down from June’s 1.6%. July’s reading marked the lowest inflation rate since March 2021 and was among the softest in the Euro area. Looking at the details of the release, transportation plus housing and utilities prices fell at a quicker pace in July compared to the previous month.
Accordingly, the trend pointed down, with annual average harmonized inflation falling to 3.9% in July (June: 4.2%). Meanwhile, consumer price inflation edged down to 1.3% in July from June’s 1.5%.
Finally, harmonized consumer prices fell 0.20% over the previous month in July, coming in below the flat result logged in June. July’s result marked the weakest reading since January.