Consumer price indices, Slovenia, October 2018

In October 2018 annual price growth of consumer prices 2.2%, at monthly level 0.3%

In October 2018 annual inflation stood at 2.2% and monthly at 0.3%. In one year, service and goods prices increased by 2.5% and 2.0%, respectively. Annual inflation was influenced mostly by higher prices of petroleum products and food, and monthly inflation by higher prices of clothing.

30 October 2018 at 10:30
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Tatjana Brvar
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In October annual inflation stood at 2.2%

In October 2018 the annual growth of consumer prices was 2.2% (in September 2.0%); in October 2017 it was 1.0%. The 12-month average price growth was 1.7% (in the same period last year 1.3%).

In one year, service prices went up on average by 2.5% and goods prices by 2.0%. As regards goods, non-durable goods prices went up by 3.6%, while durable goods prices and semi-durable goods prices went down by 1.9% and 0.1%, respectively.

The annual growth rate was pushed up the most (by 0.6 of a percentage point) by higher prices of petroleum products, where liquid fuels prices increased by 22.6%, and the prices of motor fuels and lubricants by 8.7%. Higher prices of food (by 2.9%) contributed 0.5 p.p.: in this group fruit and meat prices increased the most (by 5.4% and 5.1%, respectively). In addition, 0.4 p.p. came from higher prices of electricity (by 2.2%), gas (by 7.1%), solid fuels (by 15.8%) and heat energy (by 16.5%).

On the other hand, the inflation was offset by 0.2 p.p. by lower prices of motor cars. The prices of new and second-hand cars decreased by 2.2% and 5.2%, respectively.

In October again higher prices of clothing and footwear

In October 2018 consumer prices were on average 0.3% higher than a month before.

The arrival of new lines in stores was still the main reason for the rise in the group clothing and footwear: clothing prices went up by 6.8% and footwear prices by 3.5%, which contributed 0.4 p.p. to the monthly inflation rate. Higher prices of petroleum products added 0.1 p.p., where the prices of liquid and petrol fuels increased by 2.5% and 1.1%, respectively. In addition, 0.1 p.p. was added by all other price increases in October.

On the other hand, the monthly growth rate was pushed down by 0.2 p.p by lower prices of package holidays, whose prices on average decreased by 5.3%. In addition, 0.1 p.p. was contributed by lower prices of motor cars (by 1.7%).

Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in October 2018 the annual growth of consumer prices was 2.3% (in October 2017 it was 1.3%). The 12-month average price growth was 1.9% (in the same period last year 1.4%). The monthly price growth was 0.4%.

In October 2018, service prices increased by 2.5% and goods prices by 2.2%. Non-durable goods prices went up by 3.8%, while durable goods prices and semi-durable goods prices went down by 1.9% and 0.7%, respectively.

Measured with the harmonised index of consumer prices, in September 2018 the annual inflation rate in the EMU countries was 2.1% (up from 2.0% in August 2018). In the EU-28 it was 2.2% (the same as in August 2018). The lowest annual inflation rate was recorded in Denmark (0.5%), and the highest in Romania (4.7%); in Slovenia it stood at 2.2%.

Annual growth rates of consumer prices, Slovenia

Source: SURS

Consumer price indices, Slovenia

	X 18 X 17	X 18 IX 18	X 18 XII 17	I–X 18 I–X 17	X 18–XI 17 X 17–XI 16	X 18 Ø 15
Total	102.2	100.3	101.9	101.7	101.7	103.96
01 Food and non-alcoholic beverages	102.7	100.2	102.0	103.0	102.9	106.13
02 Alcoholic beverages and tobacco	101.2	100.0	101.2	102.0	102.2	104.54
03 Clothing and footwear	100.1	105.8	101.3	99.1	99.2	105.05
04 Housing, water, electricity, gas and other fuels	105.9	101.2	104.6	103.8	103.7	108.03
05 Furnishing, household equipment and routine household maintenance	100.4	99.8	99.7	100.7	100.6	100.70
06 Health	100.8	100.0	100.9	101.3	101.1	102.28
07 Transport	101.5	99.5	100.6	100.9	101.0	99.31
08 Communications	101.4	100.0	101.7	99.9	99.6	103.85
09 Recreation and culture	102.6	98.4	102.7	101.0	100.9	101.41
10 Education	101.8	100.8	101.8	103.9	103.9	105.96
11 Restaurants and hotels	102.6	99.3	103.4	102.6	102.4	106.77
12 Miscellaneous goods and services	101.5	100.0	101.6	101.7	101.6	104.87

Goods	102.0	100.8	101.5	101.6	101.6	103.21
Services	102.5	99.4	102.8	102.1	102.0	105.60

Source: SURS

Growth rates of harmonised consumer prices, Slovenia

	X 18 X 17	X 18 IX 18	X 18 XII 17	I–X 18 I–X 17	X 18–XI 17 X 17–XI 16	X 18¹⁾ Ø 15
Total	2.3	0.4	2.0	2.0	1.9	104.21
01 Food and non-alcoholic beverages	2.7	0.2	2.0	2.9	2.9	105.77
02 Alcoholic beverages and tobacco	0.9	0.0	0.9	1.8	2.0	104.37
03 Clothing and footwear	-1.1	6.1	0.3	-1.1	-1.0	103.94
04 Housing, water, electricity, gas and other fuels	6.8	1.3	5.2	4.4	4.3	109.00
05 Furnishing, household equipment and routine household maintenance	0.3	-0.3	-0.1	0.0	-0.1	99.33
06 Health	1.6	0.0	1.6	2.0	1.7	102.87
07 Transport	2.3	-0.3	1.2	1.7	1.7	100.83
08 Communications	1.7	0.1	2.0	0.6	0.3	104.43
09 Recreation and culture	2.3	-1.0	2.2	1.4	1.4	102.54
10 Education	1.7	0.7	1.7	3.5	3.5	105.64
11 Restaurants and hotels	2.9	-0.5	3.4	2.8	2.6	106.96
12 Miscellaneous goods and services	0.9	-0.1	0.9	1.2	1.2	104.49

Goods	2.2	0.8	1.6	1.7	1.7	103.06
Services	2.5	-0.4	2.6	2.4	2.3	106.23