Consumer price indices, Slovenia, May 2015

In May 2015 annual inflation negative (–0.5%), at the monthly level 0.8% price growth

In May 2015 at the annual level deflation (–0.5%), while at the monthly level consumer prices increased by 0.8%. Compared to May 2014, goods prices went down by 0.9%, while service prices went up by 0.3%.

  • 29 May 2015 at 10:30
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Annual growth of consumer prices still negative

In May 2015 the annual growth of consumer prices was –0.5% (in April 2015 –0.7% and in May 2014 0.7%). The 12-month average price growth was –0.2% (in the same period last year 1.2%).

On average, goods prices went down by 0.9%. As regards goods, the prices of durable goods went down by 2.5%, of non-durable goods by 0.7% and of semi-durable goods by 0.2%. Compared to May last year service prices went up by 0.3%.

In one year, prices decreased the most in the group transport (by 4.0%), followed by furnishing, household equipment and maintenance (by 2.1%), clothing and footwear (by 1.7%), housing, water, electricity, gas and other (by 1.3%), communication (by 0.5%), and health and restaurants and hotels (by 0.3% each). Compared to May 2014, prices increased the most in the group recreation and culture (by 2.2%), followed by alcoholic beverages and tobacco (by 1.8%), food and non-alcoholic beverages (by 1.3%), education (by 0.8%), and miscellaneous goods and services (by 0.7%).

As in previous months, the annual growth rate was pushed down the most (by 0.6 p.p.) by lower prices of petroleum products. Compared to May 2014 the prices of liquid fuels decreased by 10.6%, and the prices of fuels and lubricants by 8.1%. Lower prices of furnishing, household equipment and maintenance, and clothing and footwear contributed 0.1 p.p. each. In the first group the most prominent price decreases were those of furniture and furnishings (by 5.0%), and in the second group lower prices of footwear (by 2.2%) and garments (by 1.6%). Lower prices of motor cars (by 2.1%) lowered the inflation rate by another 0.1 p.p.

On the other hand, annual inflation was pushed up by 0.2 p.p. by higher prices of fruit (by 14.4%). Additional 0.2 p.p. was contributed by higher prices in the group recreation and culture, where the prices of sports equipment jumped the most (by 34.7%).


At the monthly level higher prices of fruit and petroleum products

In May 2015, 0.8% monthly inflation was recorded. Fruit prices, which increased by 18.1%, contributed 0.3 p.p. to monthly inflation. Higher prices of petroleum products added another 0.3 p.p.; liquid fuels prices increased by 7.0%, fuels and lubricant prices by 4.1%. Higher prices of garments (by 2.1%) and package holidays (by 1.8%) additionally influenced monthly inflation rate by 0.1 p.p each. 


Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in May 2015 the annual growth was –0.8% (in May last year 1.0%). The 12-month average price growth was –0.2% (in May last year 1.3%). Monthly inflation was 0.7%.

Compared to May 2014, goods prices went down by 1.4%, while service prices went up by 0.4%. As regards goods, the prices of durable goods decreased by 2.0%, of semi-durable goods by 1.4% and of non-durable goods by 1.3%.

In one year, prices decreased the most in the group transport (4.1%), followed by clothing and footwear (by 3.1), and housing, water, electricity, gas and other, and furnishing, household equipment and maintenance (by 1.9% each). On the other hand, noticeable price increases were recorded in the groups alcoholic beverages and tobacco (by 2.0%), recreation and culture (by 1.8%), and education and miscellaneous goods and services (by 1.1% each).


Measured with the harmonised index of consumer prices, in April 2015 the annual inflation rate in the EMU countries was 0.0% (up from –0.1% in March 2015), in the EU-28 it was also 0.0% (up from –0.1% in March 2015). The lowest annual inflation rate was recorded in Greece (–1.8%) and the highest in Malta (1.4%); in Slovenia it stood at –0.7%.

Chart 1: Monthly and annual growth rates of consumer prices, Slovenia
Chart 1: Monthly and annual growth rates of consumer prices, Slovenia
Source: SURS
Table 1: Consumer price indices, Slovenia, May 2015
V 15
V 14
V 15 
IV 15
 V 15 
XII 14
I-V 15
I-V 14
V 15-VI 14
V 14-VI 13
V 15
Ø 05
0 CPI—total99.5100.8100.799.599.8123.14
1 Food and non-alcoholic beverages101.3101.6104.0100.299.6141.98
2 Alcoholic beverages and tobacco101.8100.1100.2103.7103.8165.95
3 Clothing and footwear98.3101.9101.598.698.9106.19
4 Housing, water, electricity and other98.7100.299.298.699.2145.40
5 Furnishing, household equipment and maintenance97.9100.399.598.098.2120.44
6 Health99.7100.099.999.999.7110.22
7 Transport96.0101.399.595.598.0101.65
8 Communications99.5100.0101.899.598.493.41
9 Recreation and culture102.2100.999.1103.2102.0115.11
10 Education100.8100.0100.0100.7100.5125.41
11 Restaurants and hotels99.7100.0100.7100.7100.9131.77
12 Miscellaneous goods and services100.7100.2100.9100.8101.2128.81
Goods99.1101.1100.998.799.1122.77
Services100.3100.1100.1101.3101.4123.83
Source: SURS
Table 2: Growth rates of harmonised consumer prices, Slovenia, May 2015
V 15
V 14
V 15 
IV 15
 V 15 
XII 14
I-V 15
I-V 14
V 15-VI 14
V 14-VI 13
V 151)
Ø 05  
0 HICP—total-0.80.70.6-0.6-0.2124.28
1 Food and non-alcoholic beverages0.61.13.6-0.2-0.5139.98
2 Alcoholic beverages and tobacco2.00.10.24.14.2169.45
3 Clothing and footwear-3.11.80.7-1.8-1.5101.72
4 Housing, water, electricity and other-1.90.3-1.0-1.5-0.3149.09
5 Furnishing, household equipment and maintenance-1.90.2-0.5-2.1-2.1116.52
6 Health0.10.00.00.3-0.1111.01
7 Transport-4.11.5-0.6-4.8-2.0107.01
8 Communications-0.40.01.7-0.6-1.792.35
9 Recreation and culture1.80.7-0.72.71.6110.67
10 Education1.10.00.11.10.7123.55
11 Restaurants and hotels-0.30.00.70.71.0135.13
12 Miscellaneous goods and services1.10.21.11.11.2130.21
Goods-1.41.00.7-1.7-1.1122.88
Services0.40.10.41.31.5126.72
1) Indices.
Source: SURS
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.