In February 2019 annual inflation was 1.2%, monthly 0.8%. The contribution of higher prices of services and goods to the annual inflation was 0.9 p.p. and 0.3 p.p., respectively. Monthly inflation was influenced by higher prices of package holidays and of garments due to the end of discounts.
In February 2019 consumer prices grew on average by 1.2% at the annual level
In February 2019 consumer prices were on average 1.2% higher than in February 2018, while the 12-month average price growth was 1.7% (in the same period last year 1.4%).
In one year, service prices went up on average by 2.9% and goods prices by 0.4%. Non-durable and semi-durable goods prices went up by 0.8% and 0.1%, respectively, while durable goods prices went down by 0.9%.
The prices of electricity, gas and other fuels for heating increased by 4.8% and contributed 0.4 of a percentage point to the annual inflation. Additional 0.2 p.p. each came from higher prices of package holidays (by 5.5%), communication (by 3.9%), and restaurants and hotels (by 2.7%).
On the other hand, annual inflation was pushed down the most (by 0.2 p.p.) by lower prices of motor fuels, where the prices of petrol decreased by 7.1% and of diesel by 1.2%.
Monthly inflation raised by higher prices of garments and holiday packages
Monthly inflation stood at 0.8% (in the same period last year 0.7%).
Due to the end of discounts, the prices of garments increased by 4.7% and contributed 0.2 p.p. to the monthly inflation. Another 0.2 p.p. came from higher prices of package holidays (by 8.2%). 0.1 p.p. each was added by higher prices of electricity, gas and other fuels (by 0.8%), household furniture (by 2.4%), fuels and lubricants for personal transport equipment (by 1.7%) and communication (by 1.8%).
There were no noticeable price decreases in February.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, in February 2019 the annual growth of consumer prices was 1.3% (in February 2018 it was 1.4%). The 12-month average price growth was 1.9% (in the same period last year 1.5%). The monthly price growth was 0.7%.
In one year, service prices increased by 2.9% and goods prices by 0.3%. Non-durable goods prices went up by 0.7%, while durable and semi-durable goods prices went down by 0.9% and 0.3%, respectively.
Measured with the harmonised index of consumer prices, in January 2019 the annual inflation rate in the EMU countries was 1.4% (down from 1.5% in December 2018). In the EU-28 it was 1.5% (down from 1.6% in December 2018). The lowest annual inflation rate was recorded in Greece (0.5%) and the highest in Romania (3.2%); in Slovenia it stood at 1.2%.
Consumer price indices, Slovenia
Growth rates of harmonised consumer prices, Slovenia