Consumer price indices, Slovenia, August 2016

In August 2016 annual and monthly prices were on average the same.

In August 2016 prices at the annual and monthly level were on average the same. Compared to August 2015, goods prices went down by 1.0% while service prices went up by 2.1%.

31 August 2016 at 10:30
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At the annual level prices were on average the same

In August 2016 the annual growth of consumer prices were on average the same. In August 2015 the price growth was negative, –0.3%. The 12-month average price growth was –0.4% (in the same period last year was also –0.4%).

On average, goods prices went down by 1.0%. As regards goods, the prices of durable goods went down by 1.6% and also those of non-durable goods went down by 1.0% and the prices of semi-durable goods by 0.3%. Compared to August last year service prices went up by 2.1%.

The annual growth rate was pushed up the most (by 0.2 p.p.) by higher prices of package holidays (by 6.0%). 0.1 p.p. was contributed by higher prices of bread and cereals (by 1.9%), vegetables (by 5.2%), telephone and internet services (by 2.4%) and accommodation services (by 10.1%).

The annual growth rate was pushed down the most (by 0.6 p.p.) by lower prices of petroleum products. Compared to August 2015 prices of liquid fuels decreased by 11.5%, and those of fuels and lubricants by 9.7%. 0.1 p.p. was contributed by lower prices of second-hand motor cars (by 8.6%), heat energy (by 8.1%), gas (by 4.1%) and garments (by 1.8%).

Also on the monthly level prices were on average the same

Compared to July 2016 in August 2016 consumer prices were on average the same.

The monthly growth rate was pushed up by 0.1 p.p. by higher prices of garments and package holidays. Prices of garments increased by 2.5% and prices of package holidays by 2.3%.

The monthly growth rate was pushed down by 0.2 p.p. by lower prices of petroleum products. Prices of liquid fuels decreased by 5.3% and fuels and lubricants by 3.3%.

Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in August 2016 the annual growth was –0.2% (in August last year –0.6%). The 12-month average price growth was –0.6% (in August last year –0.4%). Monthly price growth was –0.1%.

Compared to August 2015, goods prices went down by 1.5%. The prices of durable goods decreased by 1.7%, of non-durable goods by 1.5% and the prices of semi-durable goods by 0.3%. In August 2016 on average service prices increased by 2.0%.

Measured with the harmonised index of consumer prices, in July 2016 the annual inflation rate in the EMU countries was 0.2% (up from 0.1% in June 2016), in the EU-28 it was also 0.2% (up from 0.1% in June 2016). The lowest annual inflation rate was recorded in Bulgaria and Croatia (both –1.1%) and the highest in Belgium (2.0%); in Slovenia it stood at –0.1%.

Chart 1: Annual growth rates of consumer prices, Slovenia

Source: SURS

Table 1: Consumer price indices, Slovenia

	VIII 16 VIII 15	VIII 16 VII 16	VIII 16 XII 15	I–VIII 16 I–VIII 15	VIII 16–IX 15 VIII 15–IX 14	VIII 16 Ø 15
Total	100.0	100.0	100.4	99.7	99.6	100.15
1 Food and non-alcoholic beverages	101.4	99.8	101.9	100.6	100.8	101.34
2 Alcoholic beverages and tobacco	100.2	100.1	100.6	100.2	100.4	100.40
3 Clothing and footwear	99.1	101.4	85.3	100.2	100.0	89.92
4 Housing, water, electricity and other	98.6	99.6	99.3	98.9	98.9	99.12
5 Furnishing, household equipment and maintenance	100.5	100.4	100.8	100.2	99.9	100.37
6 Health	100.5	100.0	100.7	100.4	100.5	101.04
7 Transport	95.5	98.6	99.1	95.1	94.6	96.44
8 Communications	102.2	100.0	102.3	104.0	103.9	103.99
9 Recreation and culture	102.3	100.7	109.3	100.2	99.8	106.80
10 Education	100.0	100.0	100.0	100.0	100.1	100.06
11 Restaurants and hotels	103.1	100.5	102.7	102.2	101.7	103.33
12 Miscellaneous goods and services	101.7	100.3	101.2	100.9	101.4	101.50

Goods	99.0	99.8	98.5	98.9	98.8	98.28
Services	102.1	100.3	104.5	101.4	101.2	104.17

Source: SURS

Table 2: Growth rates of harmonised consumer prices, Slovenia

	VIII 16 VIII 15	VIII 16 VII 16	VIII 16 XII 15	I–VIII 16 I–VIII 15	VIII 16–IX 15 VIII 15–IX 14	VIII 16¹⁾ Ø 15
Total	-0.2	-0.1	0.2	-0.5	-0.6	99.89
1 Food and non-alcoholic beverages	0.9	-0.3	1.8	0.3	0.5	101.06
2 Alcoholic beverages and tobacco	0.1	0.0	0.4	0.2	0.3	100.23
3 Clothing and footwear	-0.4	2.7	-15.3	0.1	-0.1	89.73
4 Housing, water, electricity and other	-1.5	-0.4	-0.6	-1.5	-1.6	98.88
5 Furnishing, household equipment and maintenance	-0.1	0.2	0.4	-0.1	-0.3	99.85
6 Health	0.5	0.0	0.7	0.4	0.6	101.11
7 Transport	-4.7	-1.6	-1.1	-5.0	-5.6	96.23
8 Communications	2.0	0.0	2.1	3.7	3.6	103.66
9 Recreation and culture	1.5	0.5	6.5	0.2	-0.1	104.79
10 Education	0.2	0.0	0.0	0.2	0.3	100.20
11 Restaurants and hotels	3.2	0.5	2.8	2.4	1.9	103.49
12 Miscellaneous goods and services	1.9	0.3	1.8	0.9	1.1	101.86

Goods	-1.5	-0.2	-1.6	-1.7	-1.7	97.90
Services	2.0	0.2	3.3	1.5	1.3	103.35