The annual inflation rate in Slovenia fell to 1.4 percent in December 2018 from 2.0 percent in the previous month. It was the lowest inflation rate since March, as cost of transport dropped (-0.7 percent from 1.0 percent in November). Additionally, prices slowed for food & non-alcoholic beverages (0.6 percent from 1.9 percent); housing & utilities (4.7 percent from 5.5 percent); recreation and culture (1.9 percent from 2.7 percent); furnishings (0.9 percent from 1.2 percent); restaurants & hotels (2.4 percent from 3.0 percent); health (1.3 percent from 2.2 percent) and alcoholic beverages & tobacco (0.6 percent from 0.7 percent). Meanwhile, cost advanced further for miscellaneous goods & services (1.7 percent from 1.2 percent) and rebounded for clothing & footwear (0.3 percent from -2.1 percent). On a monthly basis, consumer prices declined 0.6 percent, after rising 0.1 percent in the prior month. Inflation Rate in Slovenia averaged 4.87 percent from 1994 until 2018, 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 2.00 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 2.00 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.