Consumer price indices, June 2023
Consumer prices up by 6.9% annually and by 1.4% monthly
The largest impact on the annual inflation came from higher prices of food (up by 12.1%). Monthly inflation was mainly due to increased prices of package holidays (by 11.6%) and of electricity (by 11.4%). In the first half of the year, prices went up by 4.9%.
Inflation rate down for 3 consecutive months
In June, annual inflation stood at 6.9%. In the same period last year, it was 10.4%.
In one year, goods and service prices increased on average by 6.2% and 8.4%, respectively. Non-durable goods prices went up by 7.0%, semi-durable goods prices by 5.6%, and durable goods prices by 3.5%.
The largest upward impact on the annual inflation came from prices of food, which increased by 12.1% and contributed 2 percentage points (p.p.), followed by higher prices in the group recreation and culture (by 8.5%); their contribution was 0.9 p.p. Within this group, the prices of package holidays increased by 7.5% and of recreational and sporting services by 13.1%. The prices of goods and services in the health group grew by 13.3% and added 0.7 p.p. to annual inflation. Additional 0.6 p.p., each, was due to higher prices in the groups furnishings, household equipment and routine household maintenance (by 8.1%), restaurants and hotels (by 8.9%) as well as miscellaneous goods and services (by 7.5%).
On the other hand, the inflation was pushed down by lower prices of petroleum products, which lowered the annual inflation by 1.0 p.p.; prices of fuels and lubricants for personal transport equipment decreased by 11.8% and of liquid fuels by 30.6%.
In the first half of the year, prices up in all main groups
In the first half of this year, consumer prices increased by 4.9% (in the same period last year 8.2%).
From January to end of June, the prices in the group recreation and culture went up the most (by 11.1%), followed by higher prices in the groups alcoholic beverages and tobacco (by 8.0%), health (by 7.7%), housing, water, electricity, gas and other fuels (6.5%), restaurants and hotels (by 5.2%), and food and non-alcoholic beverages (by 4.7%).
There were no price decreases at the level of the main groups.
June inflation mainly due to higher prices of package holidays and of electricity
Compared to the previous month, consumer prices increased by 1.4%.
With the return to a higher tax rate for electricity, gas and other fuels (the VAT rate is back at 22%), the price of electricity and heat energy increased by 11.4%, of gas by 7.9% and of solid fuels by 5.1%, which pushed monthly inflation up by 0.7 p.p. Additionally, 0.5 p.p. were added by higher prices of package holidays (by 11.6%), 0.2 p.p. by price increases in the group health (by 2.9%) and 0.1 p.p. each by household furniture (by 1.8%) as well as higher prices in restaurants and hotels (by 1.1%).
Prices of food decreased (by 0.7%) and lowered monthly inflation by 0.1 p.p. All other price decreases in June also contributed 0.1 p.p.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, this June the annual growth of consumer prices was 6.6% (in June 2022: 10.8%). The monthly price growth stood at 0.9%.
On average, service prices went up by 8.2% and goods prices by 5.8%. Non-durable goods prices increased by 6.8%, semi-durable goods prices by 5.6% and durable goods prices by 2.0%.
Measured with the harmonised index of consumer prices, in May the annual inflation rate in the EMU countries was 6.1% (a month before 7.0%). In the EU-27 Member States, it was 7.1% (a month before 8.1%). The lowest annual inflation rate was recorded in Luxembourg (2.0%) and the highest in Hungary (21.9%); in Slovenia it stood at 8.1%.
The table with the latest data is available in the the SiStat Database.
Annual growth rates of consumer prices, Slovenia
Growth rates of consumer prices, Slovenia
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Harmonised indices of consumer prices, Slovenia
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METHODOLOGICAL NOTE
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
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