Consumer price indices, Slovenia, January 2020

In January 2020 the annual growth of consumer prices at 2.1%; at the monthly level deflation (−0.9%)

At the annual level consumer prices were on average higher by 2.1% and at the monthly level lower by 0.9%. The annual inflation was mainly due to higher prices of food, while the monthly deflation was mostly the result of winter sales of clothing and footwear.

  • 2/7/2020
  • |
  • final data
At the annual level prices were on average higher by 2.1%

In January 2020 annual inflation was slightly higher at 2.1% (in the same period last year it was 1.1%), while the 12-month average price growth was 1.7% (the same as in January 2019).

In one year, service and goods prices increased on average by 2.6% and 1.8%, respectively. As regards goods, non-durable goods prices increased by 3.1% and semi-durable goods prices by 0.6%, while durable goods prices decreased by 1.7%.

In January 2020 the largest upward impact on the annual inflation (0.6 of a percentage point) came from 3.7% higher prices of food: meat prices were higher by 9.2% and fresh fruit prices by 14.7%. Additional 0.4 p.p. each was added by higher prices of petroleum products (prices of fuels and lubricants increased by 7.7% and of liquid fuels by 10.4%), housing goods and services (prices of water supply and miscellaneous services relating to the dwelling increased by 8.8%), and higher prices in the group miscellaneous goods and services, where insurance prices increased by 7.0%.


Winter sales decreased the monthly inflation

As in the previous years, in January this year winter sales influenced the fall of prices in the group clothing and footwear, which pushed the inflation rate down by 1.0 p.p. Clothes were on average 14.4% and footwear 7.9% cheaper. Additional 0.3 p.p. was added by lower prices of package holidays (by 7.6%) and 0.1 p.p. by lower prices of passenger transport by air (by 27.9%).

On the other hand, the monthly growth rate was pushed up the most, by 0.3 p.p., by higher prices of food and non-alcoholic beverages (by 1.7%). Additional 0.1 p.p. each was added by higher prices of water supply and miscellaneous services relating to the dwelling (by 2.2%) and by 2.7% higher diesel prices.


Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in January 2020 the annual growth of consumer prices was 2.3% (in January 2019 it was 1.2%). The 12-month average price growth was 1.8% (in the same period last year 1.9%). The monthly price growth was −0.5%.

In 2020, service prices increased by 2.8% and goods prices by 2.0%. Non-durable goods prices and semi-durable goods prices went up by 3.3% and 0.2%, respectively, while durable goods prices went down by 1.7%.


Measured with the harmonised index of consumer prices, in December 2019 the annual inflation rate in the EMU countries was 1.3% (up from 1.0% in November 2019). In the EU-28 Member States it was 1.6% (up from 1.3% in November 2019). The lowest annual inflation rate was recorded in Portugal (0.4%) and the highest in Hungary (4.1%); in Slovenia it stood at 2.0%.
Shares of main groups in consumer price index in 2019 and 2020
Shares of main groups in consumer price index in 2019 and 2020
Source: SURS
Consumer price indices, Slovenia
I 20
I 19
I 20 
XII 19
I 20–II 19
I 19–II 18
I 20
Ø 15 
Total102.199.1101.7104.45
01 Food and non-alcoholic beverages103.4101.7101.8109.91
02 Alcoholic beverages and tobacco101.4100.3101.1106.08
03 Clothing and footwear101.487.4101.391.33
04 Housing, water, electricity, gas and other fuels104.1100.9104.2112.06
05 Furnishing, household equipment and routine household maintenance100.899.8101.2102.07
06 Health101.499.8101.6103.99
07 Transport101.399.799.497.84
08 Communications99.9100.3100.6105.42
09 Recreation and culture99.197.3101.398.48
10 Education105.5100.0104.2111.83
11 Restaurants and hotels101.9100.4102.9109.50
12 Miscellaneous goods and services105.3100.2102.8109.74
  Goods101.899.1101.0102.79
  Services102.699.2103.1108.03
Source: SURS
Growth rates of harmonised consumer prices, Slovenia
I 20
I 19
I 20 
XII 19
I 20–II 19
I 19–II 18
I 201)
Ø 15 
Total2.3-0.51.8105.15
01 Food and non-alcoholic beverages3.31.72.0109.62
02 Alcoholic beverages and tobacco1.60.31.1106.05
03 Clothing and footwear1.5-13.21.090.00
04 Housing, water, electricity, gas and other fuels3.80.94.3112.87
05 Furnishing, household equipment and routine household maintenance0.8-0.11.1100.69
06 Health2.3-0.12.4105.84
07 Transport2.10.0-0.599.67
08 Communications-1.20.2-0.2104.91
09 Recreation and culture0.1-1.51.5101.19
10 Education4.70.03.7110.64
11 Restaurants and hotels2.60.43.3110.71
12 Miscellaneous goods and services4.10.32.4108.49
  Goods2.0-0.71.0102.69
  Services2.8-0.23.1109.47
1) Indices.
Source: SURS
METHODOLOGICAL NOTE
New developments and methodological changes in 2020

As in the previous years, weights were changed; they are now based on the average of expenditure from the 2018 Household Budget Survey recalculated to December 2019 prices. Weights for the harmonised index of consumer prices are based on national accounts data on final consumption expenditure for 2018 recalculated to December 2019 prices.
  
At the same time, we also updated the list of other goods and services and the outlets where prices are collected.
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