Consumer price indices, September 2023
Prices up annually by 7.5%, monthly by 0.3%
In September 2023, consumer prices were on average higher by 7.5% annually and by 0.3% monthly. The largest impact on the annual inflation came from higher prices of food and non-alcoholic beverages (up by 9.2%). Monthly inflation was mainly due to higher prices of electricity (by 10.0%).
Annual inflation up again
At the annual level, inflation stood at 7.5% (a month before at 6.2%).
In one year, services prices increased on average by 8.4% and goods prices by 7.0%. As regards goods, non-durable goods prices went up by 8.8%, semi-durable goods prices by 5.5% and durable goods prices by 1.0%.
The biggest impact on the annual inflation, 1.6 percentage points, came from 9.2% higher prices of food and non-alcoholic beverages. 0.9 p.p. was added by 26.5% higher prices of electricity as a result of the elimination of the measure of reduced payment of contributions. Higher prices in the group recreation and culture (by 7.8%) contributed 0.8 p.p. The prices of goods and services in the health group grew by 10.7% and added 0.6 p.p. to annual inflation. Additional 0.6 p.p. came from higher prices in restaurants and hotels (by 9.2%).
On the other hand, by 18.6% cheaper liquid fuels eased the annual inflation by 0.3 p.p. Cheaper than in the previous year, by 8.2%, was also diesel, which pushed the annual inflation down by 0.2 p.p.
Monthly inflation at 0.3%
Compared to the previous month, consumer prices increased by 0.3%.
Monthly inflation was pushed up the most (by 0.4 p.p.) by 10.0% higher prices of electricity. By 5.5% higher prices of clothing and footwear added 0.3 p.p. Catering services prices went up by 3.7% and pushed inflation up by 0.2 p.p.
Higher prices of petroleum products added 0.1 p.p.; the prices of liquid fuels went up by 5.0% and the prices of fuels and lubricants for personal transport equipment by 1.6%. Additional 0.1 p.p. each was added by higher prices of fruit (by 4.9%) and all other price increases in September.
On the other hand, 14.2% cheaper package holidays pushed monthly inflation down by 0.7 p.p. Additional 0.1 p.p. each was contributed by cheaper accommodation services (by 5.4%) and other services in respect of personal transport equipment (by 2.6%).
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, this September the annual growth of consumer prices was 7.1% (in September 2022: 10.6%). The monthly price growth stood at 0.7%.
On average, service prices went up by 8.1% and goods prices by 6.5%. Non-durable goods prices increased by 8.4% and semi-durable goods prices by 5.7%, while durable goods prices went down by 0.2%.
Measured with the harmonised index of consumer prices, in August the annual inflation rate in the EMU countries was 5.2% (a month before 5.3%). In the EU-27 Member States, it was 5.9% (a month before 6.1%). The lowest annual inflation rate was recorded in Denmark (2.3%) and the highest in Hungary (14.2%); in Slovenia it stood at 6.1%.
The table with the latest data is available in the SiStat Database.
At the annual level, inflation stood at 7.5% (a month before at 6.2%).
In one year, services prices increased on average by 8.4% and goods prices by 7.0%. As regards goods, non-durable goods prices went up by 8.8%, semi-durable goods prices by 5.5% and durable goods prices by 1.0%.
The biggest impact on the annual inflation, 1.6 percentage points, came from 9.2% higher prices of food and non-alcoholic beverages. 0.9 p.p. was added by 26.5% higher prices of electricity as a result of the elimination of the measure of reduced payment of contributions. Higher prices in the group recreation and culture (by 7.8%) contributed 0.8 p.p. The prices of goods and services in the health group grew by 10.7% and added 0.6 p.p. to annual inflation. Additional 0.6 p.p. came from higher prices in restaurants and hotels (by 9.2%).
On the other hand, by 18.6% cheaper liquid fuels eased the annual inflation by 0.3 p.p. Cheaper than in the previous year, by 8.2%, was also diesel, which pushed the annual inflation down by 0.2 p.p.
Monthly inflation at 0.3%
Compared to the previous month, consumer prices increased by 0.3%.
Monthly inflation was pushed up the most (by 0.4 p.p.) by 10.0% higher prices of electricity. By 5.5% higher prices of clothing and footwear added 0.3 p.p. Catering services prices went up by 3.7% and pushed inflation up by 0.2 p.p.
Higher prices of petroleum products added 0.1 p.p.; the prices of liquid fuels went up by 5.0% and the prices of fuels and lubricants for personal transport equipment by 1.6%. Additional 0.1 p.p. each was added by higher prices of fruit (by 4.9%) and all other price increases in September.
On the other hand, 14.2% cheaper package holidays pushed monthly inflation down by 0.7 p.p. Additional 0.1 p.p. each was contributed by cheaper accommodation services (by 5.4%) and other services in respect of personal transport equipment (by 2.6%).
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, this September the annual growth of consumer prices was 7.1% (in September 2022: 10.6%). The monthly price growth stood at 0.7%.
On average, service prices went up by 8.1% and goods prices by 6.5%. Non-durable goods prices increased by 8.4% and semi-durable goods prices by 5.7%, while durable goods prices went down by 0.2%.
Measured with the harmonised index of consumer prices, in August the annual inflation rate in the EMU countries was 5.2% (a month before 5.3%). In the EU-27 Member States, it was 5.9% (a month before 6.1%). The lowest annual inflation rate was recorded in Denmark (2.3%) and the highest in Hungary (14.2%); in Slovenia it stood at 6.1%.
The table with the latest data is available in 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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