In November annual inflation at 1.4%
In November 2019 annual inflation stood at 1.4% (in the same period last year at 2.0%), while the 12-month average price growth was 1.6% (in the same period last year 1.8%).
In one year, service prices went up on average by 3.3% and goods prices by 0.5%. Non-durable goods prices went up by 1.0%, while durable goods prices and semi-durable goods prices went down by 0.8% and 0.2%, respectively.
In November 2019 the largest upward impact on the annual inflation (0.4 of a percentage point) came from higher prices of food, where the prices of fruit went up by 10.2% and the prices of meat by 4.5%, and from higher prices of miscellaneous goods and services, where the prices of private insurance connected with health increased by 14.0%. Higher prices of services in the group water supply and miscellaneous services relating to dwelling (by 7.4%) and higher prices of catering services (by 3.8%) contributed to the annual inflation 0.3 p.p. and 0.2 p.p., respectively.
On the other hand, the annual growth rate was pushed down by 0.3 p.p. by lower prices of petroleum products; liquid fuel prices decreased by 5.5% and the prices of fuels and lubricants by 5.3%. At the monthly level, prices on average 0.1% higher
In November 2019, compared to the previous month, consumer prices were on average higher by 0.1%.
There were no significant price increases in November that would affect the monthly inflation. The monthly growth rate was pushed up by 0.1 p.p. each by higher prices of insurance services (by 2.2%) and higher prices of fresh or chilled fruit (by 3.6%). Various other price increases in November altogether contributed 0.2 of a percentage point to the monthly inflation.
On the other hand, the monthly inflation was pushed down by 0.1 p.p. each by lower prices of accommodation services (by 4.7%), package holidays (by 2.1%) and petroleum products (liquid fuels by 1.8% and fuels and lubricants by 1.4%).
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, in November 2019 the annual growth of consumer prices was 1.4% (in November 2018 it was 2.1%). The 12-month average price growth was 1.6% (in the same period last year 2.0%). At the monthly level, prices were on average the same as in the previous month.
In one year, service prices increased by 3.3% and goods prices by 0.3%. Non-durable goods prices increased by 0.8%, while durable and semi-durable goods prices decreased by 1.0% and 0.2%, respectively.
Measured with the harmonised index of consumer prices, in October 2019 the annual inflation rate in the EMU countries was 0.7% (down from 0.8% in September 2019). In the EU-28 it was 1.1% (down from 1.2% in September 2019). The lowest annual inflation rate was recorded in Cyprus (−0.5%), and the highest in Romania (3.2%); in Slovenia it stood at 1.5%.