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.
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%.
Table 1: Consumer price indices, Slovenia
Table 2: Growth rates of harmonised consumer prices, Slovenia
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.