INSTANT VIEW-Slovenian July CPI rises to 4.0 pct y/y

...said on Tuesday. The 12-month average 
inflation rate rose to 2.8 percent from 2.7 percent in June. 
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    KEY DATA 
    CONSUMER PRICES (percentage changes) 
                        JULY      JUNE     JULY 2006 
    Month-on-month      -0.1       0.4      -0.3 
    Year-on-year         4.0       3.8       2.0 
    12-month average     2.8       2.7       2.6 
     
    NOTES: Inflation was pushed higher mainly on account of 
higher prices of package holidays, tobacco products, fruit and 
some other food products, the statistics office said. 
     
    FORECASTS: 
    The government raised its 2007 annual inflation forcast to 
3.2 percent year-on-year from 2.5 percent projected in April. 
The central bank in March forecast 2007 average annual inflation 
at 2.7 percent. Most analysts see inflation this year at about 3 
percent. 
     
    ANALYSTS' COMMENTS: 
    IGOR MASTER, PROFESSOR AT LJUBLJANA'S UNIVERSITY OF ECONOMY: 
    "Year-on-year inflation rose a bit further this month but 
the numbers are not dramatic. The government's inflation 
forecast of 3.2 percent is still reachable." 
     
    LINKS: 
    - For further details on July data, Reuters 3000 Xtra users 
can click on the Slovenian Statistical Office's website 
http://www.stat.si/eng/novica_prikazi.aspx?id=1047 
     
    BACKGROUND 
    * INTERVIEW-ECB's Kranjec sees no serious price pressures 
now [nL25482565] 
    * Slovenia ups '07, '08 inflation forecasts [nL04695847] 
    * Slovenian economy risks overheating - c. bank [nL0325893] 
    * ECB's Kranjec: rates likely to raise further - daily 
[nL22851465] 
    * Slovenia sees '07 deficit below fcast - finmin 
[nL11325636] 
    * Slovenia's GDP thrives but no signs of overheating 
[nL08860210]