At the annual level consumer prices were on average higher by 1.2% and at the monthly level by 0.3%. The largest upward impact on the annual inflation came from higher prices of petroleum products.
November inflation mainly due to higher prices of petroleum products
In November 2017 annual inflation stood at 1.2% (in the same period last year at 0.6%), while the 12-month average price growth was 1.3% (in the same period last year −0.1%).
In one year, goods prices went up on average by 1.2% and service prices by 1.3%. As regards goods, non-durable goods prices went up by 2.3%, while semi-durable goods prices and durable goods prices went down (by 1.0% and by 1.2%, respectively).
In November 2017 the largest upward impact on the annual inflation (0.3 of a percentage point) came from higher prices of petroleum products (liquid fuels prices increased by 8.1%, diesel prices by 7.6% and petrol prices by 3.6%). Additional, 0.2 p.p. each was added by higher prices of meat (on average prices went up by 4.6 %) and tobacco (by 4.8%).
The annual inflation was pushed down by 0.1 p.p. each by lower prices of motor cars (by 2.2%) and by lower prices of telephone and telefax services (by 1.4%).
At the monthly level prices on average higher by 0.3%
In November 2017 consumer prices were on average 0.3% higher than a month before.
The monthly growth rate was pushed up by 0.1 p.p. by higher prices of: garments (by 2.3%), electricity, gas and other fuel (by 0.8%), motor cars (by 1.2%), operation of personal transport equipment (by 0.8%) and equipment for sport (by 14.1%).
On the other hand, the monthly growth rate was pushed down by 0.1 p.p. each by lower prices of package holidays, which decreased on average by 2.9% and by lower prices of hotels, motels, inns and similar accommodation services (by 5.2%).
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, in November 2017 the annual growth of consumer prices was 1.4% (in November 2016 it was 0.7%). The 12-month average price growth was 1.4% (in the same period last year −0.3%). The monthly price growth was 0.3%.
In November 2017, goods prices increased by 1.3% and service prices by 1.7%. Non-durable goods prices went up by 2.4%, while semi-durable goods prices and durable goods prices went down by 1.0% and by 1.6%, respectively.Measured with the harmonised index of consumer prices, in October 2017 the annual inflation rate in the EMU countries was 1.4% (down from 1.5% in September 2017). In the EU-28 it was 1.7% (down from 1.8% in September 2017). The period of inflation in all EU Member States continues; the lowest annual inflation rate was recorded in Cyprus (0.4%) and the highest in Lithuania (4.2%) followed by Estonia (4.0%); in Slovenia it stood at 1.3%.
Consumer price indices, Slovenia
Growth rates of harmonised consumer prices, Slovenia