Consumer price indices, Slovenia, December 2016

In 2016 inflation (0.5%), in December 2016 deflation (–0.5%)

In 2016 inflation was recorded at the annual level (0.5%) while average annual inflation stood at −0.1%. At the monthly level in December 2016 –0.5% inflation was recorded. Service prices went up by 1.6%, while goods prices were on average the same.

29 December 2016 at 10:30
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Mojca Zlobec
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At the end of the year consumer prices on average higher than in the previous year

In 2016, annual inflation stood at 0.5%, while average annual inflation stood at −0.1% (in 2015 they were both at –0.5%).

In one year, service prices went up on average by 1.6%, while goods prices were on average the same. As regards goods, semi-durable goods prices went down by 2.2% and durable goods prices by 1.8%, while non-durable goods prices went up by 0.9%.

In 2016 the greatest impact on the annual inflation (0.3 p.p.) came from higher prices of food (the prices of vegetables increased the most, by 8.7%). 0.1 p.p. each were contributed by telephone and internet services (prices were 3.2% higher), by motor fuels (prices were 1,8% higher) and by products from the group miscellaneous goods and services (prices were 1.6% higher).

On the other hand in 2016, the inflation was pushed down by 0.2 p.p. each by lower prices of garments and by lower prices of motor cars. In addition 0.1 p.p. was contributed by lower prices of heat energy. In one year prices of garments went down by 4.1%, of motor cars by 3.4% and of heat energy by 8.4%.

Prices at the monthly level 0.5% lower

At the monthly level, the prices in December 2016 were lower by 0.5%. The monthly deflation was pushed down by 0.5 p.p. by lower prices of clothing and footwear. The prices of garments went down by 6.8% and the prices of shoes and other footwear by 3.9%. 0.1 p.p. each were contributed by lower prices of petroleum products. Liquid fuel prices went down by 2.1% and the prices of motor fuels by 1.1% and by lower prices of products from the group recreation and culture (prices went down by 0.7%).

On the other hand, the deflation was pushed up by 0.1 p.p. by higher prices of vegetables (by 7.6%) and by all other price increases in December.

Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in 2016 the annual growth was 0.6% (in December 2015 was –0.6%). The 12-month average price growth was −0.2% (in the same period last year –0.8%). The monthly price growth was −0.4%.

In 2016, service prices went up on average by 1.7%, while goods prices were on average the same. As regards goods, semi-durable goods prices went down on average by 1.9% and durable goods prices by 1.8%, while non-durable goods prices went up by 0.8%.

Measured with the harmonised index of consumer prices, in November 2016 the annual inflation rate in the EMU countries was 0.6% (up from 0.5% in October 2016). In the EU-28 it was 0.6% (up from 0.5% in October 2016). The lowest annual inflation rate was recorded in Bulgaria and in Cyprus (both −0.8%) and the highest in Belgium (1.7%); in Slovenia it stood at 0.7%.

Chart 1: Annual growth rates of consumer prices, Slovenia

Source: SURS

Table 1: Consumer price indices, Slovenia

	XII 16 XII 15	XII 16 XI 16	I–XII 16 I–XII 15	XII 16 Ø 15
Total	100.5	99.5	99.9	100.26
1 Food and non-alcoholic beverages	101.7	100.3	100.9	101.10
2 Alcoholic beverages and tobacco	100.4	100.0	100.3	100.28
3 Clothing and footwear	97.1	94.0	99.8	102.45
4 Housing, water, electricity and other	99.9	99.7	99.0	99.63
5 Furnishing, household equipment and maintenance	100.9	100.0	100.2	100.55
6 Health	100.8	100.1	100.5	101.21
7 Transport	99.9	99.7	96.6	97.18
8 Communications	102.9	100.6	103.5	104.61
9 Recreation and culture	100.2	99.3	100.3	97.97
10 Education	100.3	100.1	100.1	100.37
11 Restaurants and hotels	101.0	100.0	102.0	101.60
12 Miscellaneous goods and services	101.6	99.9	101.1	101.83

Goods	100.0	99.2	99.2	99.75
Services	101.6	100.1	101.5	101.36

Source: SURS

Table 2: Growth rates of harmonised consumer prices, Slovenia

	XII 16 XII 15	XII 16 XI 16	I–XII 16 I–XII 15	XII 16¹⁾ Ø 15
Total	0.6	-0.4	-0.2	100.29
1 Food and non-alcoholic beverages	1.3	0.4	0.6	100.55
2 Alcoholic beverages and tobacco	0.4	0.0	0.2	100.23
3 Clothing and footwear	-2.4	-4.9	-0.4	103.42
4 Housing, water, electricity and other	0.0	-0.2	-1.2	99.49
5 Furnishing, household equipment and maintenance	0.6	-0.2	-0.1	100.01
6 Health	1.0	0.1	0.5	101.36
7 Transport	0.2	-0.4	-3.4	97.56
8 Communications	2.7	0.5	3.2	104.23
9 Recreation and culture	-0.1	-0.9	0.2	98.23
10 Education	0.4	0.1	0.3	100.61
11 Restaurants and hotels	1.0	0.0	2.2	101.71
12 Miscellaneous goods and services	2.3	0.0	1.3	102.38

Goods	0.0	-0.7	-1.2	99.45
Services	1.7	0.1	1.6	101.75

1) Indices.

Source: SURS

METHODOLOGICAL NOTE

New developments and methodological changes in 2017

In line with Regulation No 2016/792 of the European Parliament and of the Council on harmonised indices of consumer prices, in January 2017 we will start calculating and disseminating the data according to the ECOICOP classification.

In January 2017 some methodological changes will be carried out such as the change of weights, updating of the list of goods and services and of the outlets where prices are collected.

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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