Consumer price indices, July 2022
Annual inflation at 11%, monthly at 1%
Annual price increase in July was at 11%, monthly at 1%. Largest impact on both annual (2.1 percentage points) and monthly (0.5 p.p.) inflation came from higher prices of petroleum products. Summer sales decreased monthly inflation by 0.6 percentage points.
In one year, consumer prices went up by 11%. Goods and service prices increased on average by 14% and 5.3%, respectively. As regards goods, non-durable goods prices went up by 17.9%, durable goods prices by 10.5%, and semi-durable goods prices by 2.8%.
The largest impact on annual inflation (2.1 percentage points) came from higher prices of petroleum products (liquid fuel prices increased by 49.7%, petrol prices by 41.1% and diesel prices by 41%). 2 p.p. was added by 13.5% higher prices of food. Electricity prices increased by 30.4% and added 1.1 p.p. to annual inflation. The prices of furnishings, household equipment and routine household maintenance increased by 12% and added 0.9 p.p. to inflation. 0.7 p.p. of impact came from 12.5% higher prices of motor cars, while 0.5 p.p. each came from catering services (more expensive by 9.2%) and products and services for recreation and culture (more expensive by 4.8%). 0.4 p.p. each was added by higher prices of natural and town gas (up by 58.9%), solid fuels (up by 49.2%) and heat energy (up by 43.3%).
In one year, wireless telephone services became 5.4% cheaper, which lowered the inflation by 0.1 p.p.
Monthly inflation at 1%
The largest impact (0.5 p.p.) on monthly inflation had higher prices of petroleum products (diesel prices increased by 9.5%, petrol prices by 8.8% and liquid fuel prices by 2.2%). Higher prices of package holidays (by 8.6%) added 0.3 p.p. and higher prices of other services in respect of personal transport equipment (by 6.9%) 0.2 p.p. 0.1 p.p. each was added by solid fuels (by 14.1%), services of restaurants and hotels (by 1.1%), motor cars (by 1%) and furnishings, household equipment and routine household maintenance (by 0.8%). All other price increases added additional 0.3 p.p.
Due to summer sales, the prices of clothing and footwear were lower by 8.2% compared to the previous month, which decreased monthly inflation by 0.6 p.p. Monthly inflation was lower by additional 0.1 p.p. due to 4% cheaper fruit.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, the annual growth of consumer prices was 11.7% (in July 2021 2%). The monthly price growth was 0.9% (previous month 2.3%).
On average, goods prices went up by 14.6% and service prices by 6%. As regards goods, non-durable goods prices went up by 19%, durable goods prices by 8.9%, and semi-durable goods prices by 3.7%.
Measured with the harmonised index of consumer prices, in June 2022 the annual inflation rate in the EMU countries was 8.6% (up from 8.1% in May). In the EU-27 Member States it was 9.6% (up from 8.8% in May). The lowest annual inflation rate was recorded in Malta (6.1%) and the highest in Estonia (22%); in Slovenia it stood at 10.8%.
Table with the latest data is available in the SiStat Database.
Consumer price indices, Slovenia
Growth rates of harmonised consumer prices, Slovenia