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In May 2020 at the annual level deflation was recorded (−1.2%). In one year goods prices went down by 2.9%, while service prices went up by 2.0%. At the monthly level consumer prices increased by 0.9%, which was mostly due to the higher food prices.
In May 2020 annual inflation stood at −1.2% (in the same period last year it was 1.4%), while the 12-month average price growth was 1.2% (in the same period last year 1.7%).Compared to May 2019, goods prices went down by 2.9%. The prices of durable goods decreased by 2.3%, of semi-durable goods by 2.9% and of non-durable goods by 3.1%. In one year service prices went up on average by 2.0%.
In May 2020 the largest downward impact on the annual inflation (1.4 percentage points) came from lower prices of petroleum products (liquid fuel prices fell by 32.4% and the prices of fuel and lubricants by 23.9%); petrol prices decreased by 25.5% and diesel prices by 22.5%. The prices of clothing and footwear decreased by 4.2%, which lowered the annual inflation rate by additional 0.3 p.p.On the other hand, the annual growth rate was pushed up by 0.8 p.p. by higher prices of food (by 5.4%). Fresh fruit prices increased by 23.4% and meat prices by 10.6%.
May inflation mainly due to higher prices of foodIn May 2020 consumer prices went up on average by 0.9%. 0.4 p.p. was contributed by higher prices of fresh fruit (by 32.8%), 0.3 p.p. by higher prices in the group recreation and culture (by 2.7%), and additional 0.1 p.p. each by higher prices of clothing and footwear (by 1.1%), other services in respect of personal transport equipment (by 5.9%) and all other price increases in May.
Consumer price indices, Slovenia
Growth rates of harmonised consumer prices, Slovenia