Consumer price indices, Slovenia, December 2018

In 2018 annual inflation at 1.4%, average annual inflation at 1.7%

In December 2018 annual inflation stood at 1.4% and average annual inflation at 1.7% (in 2017 they were 1.7% and 1.4%, respectively).

In one year, service prices went up on average by 3.0% and goods prices by 0.7%. Non-durable goods prices went up by 1.5%, while durable goods prices and semi-durable goods prices went down by 1.5% and 0.3%, respectively.

In 2018 the greatest impact on the annual inflation (in total 0.5 of a percentage point) came from higher prices of electricity (by 3.3%), gas (by 4.3%), liquid fuels (by 10.4%), solid fuels (by 12.0%) and heat energy (by 14.8%). 0.2 p.p. each were contributed by higher prices of telephone and telefax services (by 3.8%), and package holidays (by 7.3%).

Some other noticeable price increases in 2018 were higher prices of hospital services (by 7.0%), out-patient services (by 5.2%) and actual rentals for housing (by 6.5%).

On the other hand, annual inflation was lowered the most (by 0.2 of a percentage point) by 2.8% lower prices of motor cars.


In December 2018 prices at the monthly level 0.6% lower
 
Lower prices of petroleum products (liquid fuels, and fuels and lubricants were cheaper by 6.6% and 5.9%, respectively) pushed monthly inflation rate down by 0.3 of a percentage point. Meat prices decreased (by 1.8%) and lowered the monthly inflation rate by 0.1 of a percentage point. Additional 0.1 of a percentage point each was added by cheaper shoes and other footwear (by 4.0%), equipment for sport (by 22.2%) and all other price decreases in December 2018.
 
On the other hand, the monthly growth rate was pushed up by 0.1 of a percentage point by higher prices of wireless telephone services (by 2.2%). 


Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in December 2018 the annual growth of consumer prices was 1.4% (in December 2017 it was 1.9%). The 12-month average price growth was 1.9% (in the same period last year 1.6%). The monthly price growth was −0.6%.

In 2018, service prices increased by 2.8% and goods prices by 0.7%. Non-durable goods prices went up by 1.5%, while durable and semi-durable goods prices went down by 1.5% and 0.7%, respectively. 


Measured with the harmonised index of consumer prices, in November 2018 the annual inflation rate in the EMU countries was 1.9% (down from 2.2% in October 2018). In the EU-28 it was 2.0% (down from 2.2% in October 2018). The lowest annual inflation rate was recorded in Denmark (0.7%) and the highest in Romania, Estonia and Hungary (3.2% in each); in Slovenia it stood at 2.1%.