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Consumer price indices, Slovenia, July 2019

Prices in July 2019 grew on average by 2.0% at the annual level. At the monthly level they were 0.7% lower

In July 2019 inflation at the annual level stood at 2.0%, while at the monthly level deflation (−0.7%) was recorded. Higher prices of goods and services contributed to the annual inflation 1.0 p.p. each. Monthly deflation was influenced the most by lower prices of clothing and footwear.

  • 7/31/2019
  • |
  • final data
At the annual level prices were on average higher

In July 2019 annual inflation stood at 2.0% (in July 2018 at 1.9%). The 12-month average price growth was 1.7% (in the same period last year 1.5%).

In one year, service prices increased by 2.9% and goods prices by 1.5%. Durable and semi-durable goods prices went up by 1.9% and by 1.6%, respectively, while non-durable goods prices stayed at the same level.

The greatest impact on annual inflation (0.6 p. p.) came from higher prices of goods and services in the division housing, water, electricity, gas and other fuels; prices of water supply and miscellaneous services relating to the dwelling increased by 7.1%, and prices of electricity, gas and other fuels by 3.7%. Higher prices of food (by 3.1%) also contributed to the annual inflation 0.5 p.p.

The annual inflation was pushed down by 0.2 p.p. by lower prices of fuels and lubricants for personal transport equipment (by 3.5%).


Summer sales pushed monthly inflation down

In July 2019 consumer prices were on average 0.7% lower than in the previous month.

Due to summer sales, clothing and footwear prices decreased, which pushed monthly inflation down. 0.7 p.p. was contributed by lower prices of clothing (by 13.1%) and 0.2 p.p. by lower prices of footwear (by 10.0%). Additional 0.1 p.p. came from lower prices of motor fuels (diesel by 2.4% and petrol by 2.3%) and other minor price decreases in July.

On the other hand, the monthly growth rate was pushed up by 0.4 p.p. by higher prices of package holidays (by 10.9%).


Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in July 2019 the annual growth of consumer prices was 2.0% (in July 2018 it was 2.1%). The 12-month average price growth was 1.8% (in the same period last year 1.7%). The monthly price growth was -0.7%. 

In one year, service prices increased by 3.1% and goods prices by 1.4%. Non-durable and semi-durable goods prices went up by 1.8% and 1.0%, respectively, while durable goods prices went down by 0.1%.

Measured with the harmonised index of consumer prices, in June 2019 the annual inflation rate in the EMU countries was 1.3% (up from 1.2% in May 2019). In the EU-28 it was 1.6% (the same as in May 2019). The lowest annual inflation rate was recorded in Greece (0.2%) and the highest in Romania (3.9%); in Slovenia it stood at 1.9%.
Annual growth rates of consumer prices, Slovenia
Annual growth rates of consumer prices, Slovenia
Source: SURS
Consumer price indices, Slovenia
VII 19
VII 18
VII 19
VI 19 
VII 19 
XII 18
I–VII 19
I–VII 18
VII 19–VIII 18
VII 18–VIII 17
VII 19
Ø 15 
Total102.099.3101.7101.6101.7105.18
01 Food and non-alcoholic beverages102.999.9104.0101.1101.5108.79
02 Alcoholic beverages and tobacco101.6100.5102.3100.6100.7106.14
03 Clothing and footwear103.287.889.2100.9100.392.79
04 Housing, water, electricity, gas and other fuels104.899.7101.7104.7104.9110.02
05 Furnishing, household equipment and routine household maintenance102.299.3100.4101.1101.0102.28
06 Health101.299.3100.8101.8101.5103.56
07 Transport98.799.5100.699.3100.098.70
08 Communications99.599.698.1101.2101.4103.52
09 Recreation and culture102.0103.7109.3101.9101.9109.96
10 Education103.5100.0102.5102.9102.9108.60
11 Restaurants and hotels102.9100.1104.8103.0102.9110.83
12 Miscellaneous goods and services101.8100.1101.6101.7101.7106.57
  Goods101.598.3100.0100.9101.2102.37
  Services102.9101.3105.1103.0102.8111.21
Source: SURS
Growth rates of harmonised consumer prices, Slovenia
VII 19
VII 18
VII 19
VI 19 
VII 19 
XII 18
I–VII 19
I–VII 18
VII 19–VIII 18
VII 18–VIII 17
VII 191)
Ø 15 
Total2.0-0.71.61.61.8105.38
01 Food and non-alcoholic beverages3.1-0.14.01.41.7108.63
02 Alcoholic beverages and tobacco1.70.52.20.50.6106.08
03 Clothing and footwear2.3-12.6-12.40.2-0.490.41
04 Housing, water, electricity, gas and other fuels4.8-0.41.65.15.4110.86
05 Furnishing, household equipment and routine household maintenance1.8-0.40.31.00.9100.63
06 Health1.9-0.71.52.52.3105.05
07 Transport-1.4-0.50.7-0.60.4100.10
08 Communications-1.4-0.5-2.50.61.1103.44
09 Recreation and culture2.42.87.41.81.8109.21
10 Education3.10.02.22.72.7107.87
11 Restaurants and hotels3.50.24.63.33.1111.16
12 Miscellaneous goods and services1.80.21.71.51.3106.40
  Goods1.4-1.60.00.81.2102.09
  Services3.10.94.53.02.8111.17
1) Indices.
Source: SURS
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