In January 2017 import prices were 1.0% higher than in the previous month and 4.5% higher than a year ago.
Import prices in January 2017 1.0% higher than in the previous month
Compared to December 2016, in January 2017 import prices were 1.0% higher. At the monthly level, the prices of products supplied from the euro area were higher by 1.5% and the prices of products imported from the non-euro area by 0.4%.
As regards groups of activities showing the dynamics of prices by end-use, in January 2017 energy prices increased by 2.9%, intermediate goods prices by 1.5% and capital goods prices by 0.5%, while consumer goods prices decreased by 0.1%.
In January 2017 import prices increased the most in the group electricity (by 15.9%), followed by the group basic metals (by 5.6%). The biggest decrease was observed in the group crude petroleum and natural gas (by 2.1%).
Import prices 4.5% higher than a year ago
From January 2016 to January 2017 import prices increased by 4.5%. The increase was the largest annual rise in the output prices since August 2011, when prices went up by 4.8%. In the same period the prices of products supplied from the euro area went up by 6.3% and the prices of products imported from the non-euro area by 2.2%.
The prices of imports increased the most in the group electricity (by 37.4%). On the other hand, the prices of imports decreased the most in the group paper and paper products (by 2.5%).
New on the SI-STAT Data PortalDetailed data on the import price indices are published on the SI-STAT Data Portal.
Table 1: Import price indices, Slovenia
In January 2017 we implemented some methodological changes regarding the import price indices such as weights, the list of products and reporting units.
The weights are based on the customs declarations (Extrastat) and statistical forms (Intrastat) covered by external trade statistics for 2015. For the mentioned recalculation in 2017 the index December 2016 / Ø2015 was used.The sample of reporting units includes 446 enterprises which report monthly for 1,846 products.