Consumer price indices, Slovenia, July 2015

In July 2015 annual and monthly inflation negative (annual inflation –0.4%, monthly –0.8%)

In July 2015 deflation was recorded at both the annual and monthly level (–0.4% at the annual level and –0.8% at the monthly level). Compared to July 2014, goods prices went down by 0.8% and service prices went up by 0.4%.

  • 31 July 2015 at 10:30
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In July annual inflation down

In July 2015 the annual growth of consumer prices went down by 0.4% (in June 2015 price growth was also negative, –0.7%, while in July 2014 it was 0.0%). The 12-month average price growth was –0.4% (in the same period last year 0.9%).

On average, goods prices went down by 0.8% compared to July last year. As regards goods, the prices of durable goods went down by 1.6% and those of non-durable goods by 1.0%. The prices of semi-durable goods went up by 1.0%. Prices went up also for services (by 0.4%).

In one year, prices decreased the most in the following groups: transport (by 4.5%), housing, water, electricity, gas and other (by 1.9%) and furnishing, household equipment and maintenance (by 0.4%). Compared to July 2014, prices went up the most in the following groups: communication (by 1.7%), food and non-alcoholic beverages (by 1.4%), miscellaneous goods and services (by 1.3%), health (by 1.2%), alcoholic beverages and tobacco (by 1.1%), and education (by 0.8%).

The annual growth rate was pushed down the most (by 0.8 of a p.p.) by lower prices of petroleum products. Compared to July 2014 prices of liquid fuels decreased by 16.0%, and those of fuels and lubricants by 9.7%. Lower prices of package holidays (by 4.0%) contributed 0.2 of a p.p. The annual growth rate was pushed down by 0.1 of a p.p. by lower prices of gas (by 4.1%) and motor cars (by 2.4%).

In one year, significantly lower prices were also recorded at passenger transport by air (by 10.6%).

The annual growth rate was pushed up the most (by 0.2 of a p.p.) by higher prices of food (also in July prices of fruit increased the most, by 12.7%). Higher prices of sports equipment, municipal and other services, insurance, telephone and internet services, health and alcoholic beverages and tobacco contributed 0.1 of a p.p. each. Compared to July 2014 prices of sports equipment increased by 22.6%, municipal and other services, insurance and telephone and internet services by 1.9% each, health by 1.2%, and alcoholic beverages and tobacco by 1.1%.

 

Summer sales pushed monthly inflation down

In July 2015 consumer prices went down on average by 0.8% compared to June 2015.

Due to summer sales, clothing and footwear prices decreased, which pushed monthly inflation down by 1.1 p.p. Compared to the previous month clothing and footwear prices decreased by 14.6%. Lower prices of fruit and vegetables and lower prices of petroleum products contributed each another 1.1 p.p. Compared to June 2015 fruit and vegetables prices decreased by 4.5% and 4.6% respectively, prices of liquid fuels by 3.9% and prices of fuels and lubricants by 1.1%. 

On the other hand the monthly growth rate was pushed up by 0.3 of a p.p. by higher prices of package holydays (by 9.1%). Higher prices of telephone and internet services (by 4.5%) contributed another 0.2 of a p. p.

 

Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in July 2015 the annual growth was –0.7% (0.3% inflation was recorded in June last year). The 12-month average price growth was –0.4% (in the same period last year 0.9%). Monthly inflation was –0.7%.

Compared to July 2014, goods prices went down by 1.3%. The prices of non-durable goods decreased by 1.6% and prices of durable goods by 1.4%. Prices of semi-durable goods increased by 0.3%. In one year service prices went up on average by 0.4%.

Compared to July 2014, prices decreased the most in the group transport (4.7%), followed by housing, water, electricity, gas and other (by 2.9%), clothing and footwear (by 0.7%) and furnishing, household equipment and maintenance (by 0.6%). Price increases were recorded in groups: health (by 1.7%), communication (by 1.5%), miscellaneous goods and services and education (in each by 1.3%), food and non-alcoholic beverages (by 1.2%), alcoholic beverages and tobacco (by 1.0%) and restaurants and hotels (by 0.1%).

Measured with the harmonised index of consumer prices, in June 2015 the annual inflation in the EMU countries was 0.2% (0.3% in May 2015), in the EU-28 it was 0.1% (0.3% in May 2015). The lowest annual inflation rate was recorded in Cyprus (–2.1%) and the highest in Malta (1.1%); in Slovenia it stood at –0.9%.
Chart 1: Annual growth rates of consumer prices, Slovenia
Chart 1: Annual growth rates of consumer prices, Slovenia
Source: SURS
Table 1: Consumer price indices, Slovenia
VII 15
VII 14
VII 15
VI 15 
VII 15
XII 14
I-VII 15
I-VII 14
VII 15-VIII 14
VII 14-VIII 13
VII 15
 Ø 05 
0 CPI—total99.699.299.899.599.6122.04
1 Food and non-alcoholic beverages101.499.4102.4100.5100.0139.85
2 Alcoholic beverages and tobacco101.1100.1100.3102.9103.2166.06
3 Clothing and footwear100.085.485.998.898.989.87
4 Housing, water, electricity and other98.199.699.198.598.8145.30
5 Furnishing, household equipment and maintenance99.6100.099.298.398.3120.10
6 Health101.2100.6100.7100.299.8111.15
7 Transport95.599.799.195.597.1101.26
8 Communications101.7104.2105.399.598.496.63
9 Recreation and culture100.0102.6103.2102.4102.1119.88
10 Education100.8100.0100.0100.8100.7125.41
11 Restaurants and hotels100.0100.0100.9100.5100.6132.00
12 Miscellaneous goods and services101.399.7100.7100.9101.1128.65
Goods99.298.098.698.899.0119.93
Services100.4101.7102.4100.9101.1126.61
Source: SURS
Table 2: Growth rates of harmonised consumer prices, Slovenia
VII 15
VII 14
VII 15
VI 15 
VII 15
XII 14
I-VII 15
I-VII 14
VII 15-VIII 14
VII 14-VIII 13
VII 151)
Ø 05  
0 HICP—total-0.7-0.7-0.2-0.7-0.4123.29
1 Food and non-alcoholic beverages1.2-0.42.60.2-0.2138.68
2 Alcoholic beverages and tobacco1.00.10.23.13.5169.47
3 Clothing and footwear-0.7-15.4-15.4-1.7-1.685.48
4 Housing, water, electricity and other-2.9-0.4-1.5-1.8-1.0148.40
5 Furnishing, household equipment and maintenance-0.60.0-0.8-1.8-2.0116.16
6 Health1.70.81.00.50.1112.11
7 Transport-4.7-0.4-1.0-4.7-3.0106.55
8 Communications1.53.94.9-0.6-1.795.29
9 Recreation and culture0.01.92.52.01.7114.23
10 Education1.30.00.11.11.0123.55
11 Restaurants and hotels0.10.01.00.50.7135.45
12 Miscellaneous goods and services1.3-0.20.91.21.2129.94
Goods-1.3-1.8-1.3-1.6-1.3120.42
Services0.41.11.71.01.2128.36
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.