Consumer price indices, February 2022

Annual growth of consumer prices at 6.9%, monthly at 1.4%

In February 2022, inflation was recorded at the annual level (6.9%) and the monthly level (1.4%). In one year, goods and service prices went up by 8.5% and 3.7%, respectively.

28 February 2022 at 10:30
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Tatjana Brvar
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Annual growth of consumer prices at 6.9%

Prices went up on average by 6.9% annually (in the same period last year a 1% price drop was recorded), while the 12-month average price growth was 3.1% (in the same period last year −0.5%).

In one year, goods and service prices increased on average by 8.5% and 3.7%, respectively. As regards goods, non-durable goods prices went up by 9.5%, durable goods prices by 8.5% and semi-durable goods prices by 4.9%.

The biggest impact on the annual inflation, 1.3 percentage points, came from higher prices of electricity, gas and other fuels (by 19.6%); the prices of electricity increased by 15%, of gas by 25.6%, of liquid fuels by 10.3%, of solid fuels by 11.6% and of heat energy by 52.1%. The prices of fuels and lubricants for personal transport equipment grew by 26.6% and pushed inflation up by 1 p.p. Additional 1 p.p. was added by higher prices of food (by 6.4%).

On the other hand, lower prices in the group communication (by 3.6%) lowered inflation by 0.2 p.p.

Higher prices of food, electricity and package holidays

In February, 1.4% monthly inflation was recorded (in January 0.4%). Monthly inflation was mainly due to higher prices of food (by 2.1%), electricity (by 8.4%) and package holidays (by 10.4%) – each group pushed inflation up by 0.3 p.p. The prices of garments increased by 2.5%, of household furniture by 1.9% and of petrol by 3.5%, and contributed 0.1 p.p., each. All remaining February price increases added additional 0.5 p.p.

On the other hand, cheaper footwear (by 2.7%), natural and town gas (by 6.7%) and goods and services from the health group (by 1.1%) lowered inflation by 0.1 p.p., each.

Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, the annual growth of consumer prices was 7% (in February 2021 it was −1.1%). The 12-month average price growth was 3.3% (in the same period last year −0.8%). The monthly price growth was 1.1%.

On average, goods prices went up by 8.7% and service prices by 3.7%. As regards goods, non-durable goods prices went up by 9.9%, durable goods prices by 8% and semi-durable goods prices by 5%.

Measured with the harmonised index of consumer prices, in January 2022 the annual inflation rate in the EMU countries was 5.1% (in December 2021: 5%). In the EU-27 Member States it was 5.6% (up from 5.3% in December 2021). The lowest annual inflation rate was recorded in France (3.3%) and the highest in Lithuania (12.3%); in Slovenia it stood at 6%.

Table with the latest data is available in the SiStat Database

Annual growth rates of consumer prices, Slovenia

Consumer price indices, Slovenia

	II 22 II 21	II 22 I 22	II 22 XII 21	I–II 22 I–II 21	II 22–III 21 II 21–III 20	II 22 Ø 15
Total	106.9	101.4	101.8	106.3	103.1	111.24
01 Food and non-alcoholic beverages	106.3	102.0	103.6	105.5	100.7	117.42
02 Alcoholic beverages and tobacco	103.0	100.5	101.3	102.7	103.1	113.21
03 Clothing and footwear	105.6	100.9	90.7	103.8	101.4	94.94
04 Housing, water, electricity, gas and other fuels	113.2	102.4	104.3	112.0	107.6	125.06
05 Furnishing, household equipment and routine household maintenance	108.0	101.4	103.1	107.8	103.5	111.02
06 Health	104.1	98.9	100.5	104.1	102.2	109.28
07 Transport	112.5	101.0	102.2	112.5	108.8	106.11
08 Communications	96.4	100.0	99.7	96.0	98.3	101.66
09 Recreation and culture	105.4	104.0	103.0	104.7	99.5	103.54
10 Education	100.4	100.0	100.0	100.5	100.8	113.19
11 Restaurants and hotels	107.1	100.4	101.6	106.9	104.0	118.31
12 Miscellaneous goods and services	101.1	100.1	103.1	100.9	100.0	111.45

Goods	108.5	101.5	101.6	107.8	104.3	110.45
Services	103.7	101.1	102.0	103.4	100.9	112.96

Growth rates of harmonised consumer prices, Slovenia

	II 22 II 21	II 22 I 22	II 22 XII 21	I–II 22 I–II 21	II 22–III 21 II 21–III 20	II 22¹⁾ Ø 15
Total	7.0	1.1	1.7	6.5	3.3	111.73
01 Food and non-alcoholic beverages	6.3	2.0	3.5	5.5	0.9	116.78
02 Alcoholic beverages and tobacco	2.9	0.4	1.2	2.6	3.1	113.16
03 Clothing and footwear	5.7	1.5	-9.5	3.5	1.2	93.70
04 Housing, water, electricity, gas and other fuels	13.8	2.6	4.9	12.5	7.4	125.68
05 Furnishing, household equipment and routine household maintenance	7.0	1.1	2.8	6.8	3.1	108.71
06 Health	5.5	-1.3	2.2	5.7	1.7	111.85
07 Transport	14.0	1.0	2.5	14.1	10.5	108.24
08 Communications	-3.9	0.0	0.6	-4.2	-2.0	101.73
09 Recreation and culture	4.0	1.7	1.8	3.7	-0.4	105.29
10 Education	0.4	0.0	0.0	0.5	0.7	111.92
11 Restaurants and hotels	7.2	0.5	1.8	7.0	3.8	119.67
12 Miscellaneous goods and services	1.2	0.1	1.1	1.1	0.6	111.00

Goods	8.7	1.6	1.8	8.0	4.5	109.80
Services	3.7	0.2	1.7	3.6	1.1	114.45