In February 2018 annual inflation stood at 1.2% and monthly at 0.7%. In one year goods and service prices increased by 1.3% and 1.0%, respectively. Annual inflation was influenced mostly by higher prices of food and monthly inflation by higher prices of clothing.
In February annual
inflation at 1.2%
In February 2018 annual inflation stood at 1.2% (in February 2017 at 2.2%), while the 12-month average price growth was 1.4% (in the same period last year 0.3%).
In one year, goods prices increased by 1.3% and service prices by 1.0%. As regards goods, non-durable goods prices and semi-durable goods prices went up by 2.3% and 0.8%, respectively, while durable goods prices went down by 2.4%.
The largest upward impact on the annual inflation (0.4 of a percentage point each) came from higher food prices, where fruit and meat prices increased the most (by 19.7% and 7.5%, respectively), and by higher prices of goods and services in the group housing, water, electricity, gas and other fuels (by 2.9%). In one year, higher petroleum products prices added 0.2 p.p. to annual inflation; liquid fuel prices went up by 9.6%, diesel prices by 5.5% and petrol prices by 1.6%.
The annual inflation was pushed down by 0.3 p.p. by lower prices of vegetables (by 16.9%) and by 0.2 p.p. by lower prices of motor cars (by 3.7%).
At the monthly level, price increases prevailed
In February 2018 consumer prices went up on average by 0.7% over the previous month. 0.3 p.p. was contributed by higher prices of garments (by 6.7%), and 0.2 p.p. by higher prices of package holidays (7.9%). In addition, 0.1 p.p. each came from higher prices of fruit (by 7.3%) and from all other price increases in February 2018.
No noticeable price decreases were recorded in February.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, in February 2018 the annual growth of consumer prices was 1.4% (in February 2017 it was 2.5%). The 12-month average price growth was 1.5% (in the same period last year 0.3%). The monthly price growth was 0.7%.
In February 2018 goods prices increased by 1.2% and service prices by 1.9%. Non-durable goods prices went up by 2.2% and semi-durable goods prices by 0.5%, while durable goods prices went down by 2.7%.
Measured with the harmonised index of consumer prices, in January 2018 the annual inflation rate in the EMU countries was 1.3% (down from 1.4% in December 2017). In the EU-28 it was 1.6% (down from 1.7% in December 2017). The lowest annual inflation rate was recorded in Cyprus (−1.5%), and the highest in Estonia and Lithuania (both 3.6%); in Slovenia it stood at 1.7%.
Consumer price indices, Slovenia
Growth rates of harmonised consumer prices, Slovenia