Consumer price indices, Slovenia, July 2017

In July 2017 annual price growth of consumer prices was 1.0%, at the monthly level deflation (−0.7%)

In July 2017 inflation at the annual level stood at 1.0%. At the monthly level deflation was recorded (−0.7%), which was mainly the result of summer sales of clothing and footwear.

  • 7/31/2017
  • |
  • final data

At the annual level prices were on average higher by 1.0%

In July 2017 annual inflation stood at 1.0% (in the same period last year it was 0.2%), while the 12-month average price growth was 1.1% (in the same period last year −0.4%).
 
In one year, service prices went up on average by 1.5% and goods prices by 0.8%. As regards goods, semi-durable and non-durable goods prices went up by 1.5% and 1.3%, respectively, while durable goods prices went down by 1.6%.  

Annual inflation rate was pushed up the most (by 0.3 of a percentage point) by higher prices of food and non-alcoholic beverages (by 1.5%). Additional 0.2 p.p. each was added by higher prices of tobacco (by 4.8%), clothing and footwear (by 3.4%), and housing, water, electricity, gas and other fuels (by 1.5%).  

In July 2017 the largest downward impact on the annual inflation (by 0.2 p.p.) came from lower prices of second-hand motor cars (by 8.9%).  
 

Summer sales pushed monthly inflation down
 
At the monthly level, consumer prices decreased on average by 0.7%. The monthly growth rate was pushed down the most (by 1.1 p.p.) by lower prices of clothing and footwear. Clothing prices decreased by 14.0%, footwear prices by 12.5%. Lower prices of fruit (by 4.1%) and petroleum products lowered inflation rate by 0.1 p.p. each; motor fuels prices decreased by 1.1%, liquid fuels prices by 4.9%.  

On the other hand, the monthly growth rate was pushed up by 0.4 p.p. by higher prices of package holidays (by 11.0%). Higher prices of meat (by 2.1%) and tobacco (by 1.8%) added additional 0.1 p.p. each.  


Harmonised indices of consumer prices  

Measured with the harmonised index of consumer prices, in July 2017 the annual growth of consumer prices was 1.2% (in July 2016 it was −0.1%). The 12-month average price growth was 1.1% (in the same period last year −0.7%). The monthly price growth was –0.6%.

In July 2017, service prices increased by 1.8% and goods prices by 0.7%. Non-durable and semi-durable goods prices went up by 1.4% and 0.6%, respectively, while durable goods prices decreased by 1.7%.  


Measured with the harmonised index of consumer prices, in June 2017 the annual inflation rate in the EMU countries was 1.3% (down from 1.4% in May 2017). In the EU-28 it was 1.4% (down from 1.6% in May 2017). The lowest annual inflation rate was recorded in Ireland (−0.6%) and the highest in Lithuania (3.5%); in Slovenia it stood at 0.9%.

Chart 1: Annual growth rates of consumer prices, Slovenia
Chart 1: Annual growth rates of consumer prices, Slovenia
Source: SURS
Table 1: Consumer price indices, Slovenia
VII 17
VII 16
VII 17
VI 17 
VII 17 
XII 16
I–VII 17
I–VII 16
VII 17–VIII 16
VII 16–VIII 15
VII 17
Ø 15 
Total101.099.3101.0101.5101.1101.23
01 Food and non-alcoholic beverages101.5100.0102.0102.3102.0103.15
02 Alcoholic beverages and tobacco102.8101.2102.9101.7101.1103.19
03 Clothing and footwear103.486.589.5100.499.891.62
04 Housing, water, electricity, gas and other fuels101.599.5101.4102.4101.0101.00
05 Furnishing, household equipment and routine household maintenance99.799.799.2100.0100.299.73
06 Health99.799.999.5100.5100.5100.67
07 Transport100.099.9100.7102.4100.997.87
08 Communications99.999.899.3101.7102.0103.86
09 Recreation and culture100.3103.2108.6100.2100.5106.39
10 Education100.5100.0100.2100.5100.4100.55
11 Restaurants and hotels102.1100.8103.3101.3101.6104.97
12 Miscellaneous goods and services101.2100.0100.5101.5101.5102.35
  Goods100.898.399.5101.4100.799.24
  Services101.5101.4104.0101.8101.8105.51
Source: SURS
Table 2: Growth rates of harmonised consumer prices, Slovenia
VII 17
VII 16
VII 17
VI 17 
VII 17 
XII 16
I–VII 17
I–VII 16
VII 17–VIII 16
VII 16–VIII 15
VII 171)
Ø 15 
Total1.2-0.60.81.61.1101.14
01 Food and non-alcoholic beverages1.70.42.62.11.7103.17
02 Alcoholic beverages and tobacco3.11.33.11.91.2103.35
03 Clothing and footwear2.5-13.9-13.4-0.4-0.789.53
04 Housing, water, electricity, gas and other fuels1.7-0.61.52.71.2100.96
05 Furnishing, household equipment and routine household maintenance-0.7-0.5-1.1-0.4-0.298.90
06 Health-0.5-0.1-0.80.40.5100.60
07 Transport0.50.00.82.91.298.31
08 Communications0.1-0.3-0.41.71.9103.77
09 Recreation and culture1.02.17.30.60.5105.34
10 Education0.50.00.10.50.4100.67
11 Restaurants and hotels1.50.72.81.01.4104.54
12 Miscellaneous goods and services1.3-0.10.42.02.0102.82
  Goods0.7-1.5-0.61.40.698.86
  Services1.80.93.21.91.9105.07
1) Indices.
Source: SURS
Detailed data and time series are available on the SI-STAT data portal.
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