Consumer price indices, November 2023
Consumer prices annually up by 4.9%, monthly down by 1%
At the annual level prices increased by 4.9%, whereas at the monthly level they decreased by 1%. In one year, food and non-alcoholic beverages were 6.2% more expensive. In one month, electricity became 18.8% cheaper.
Annual inflation the lowest in the last two years
At the annual level, inflation stood at 4.9% (in the same period last year it was 10.0%).
In one year, service prices increased on average by 7.4% and goods prices by 3.6%. As regards goods, non-durable goods prices went up by 4.7%, semi-durable goods prices by 2.3% and durable goods prices by 0.6%.
The greatest impact on annual inflation (1.1 percentage points) came from 6.2% higher prices of food and non-alcoholic beverages. 0.7 p.p. was contributed by 6.7% higher prices of goods and services in the group recreation and culture, followed by 8.4% higher prices of restaurants and hotels, which added 0.6 p.p.
The prices of solid fuels were 26.4% lower than the year before, which pushed the inflation down by 0.4 p.p.
Deflation at the monthly level for the first time after more than a year
Compared to the previous month, consumer prices decreased by 1%.
The largest impact (0.8 p.p.) on monthly deflation came from lower prices of electricity (by 18.8%), because of exemption from paying the OVE (renewable energy sources) and SPTE (cogeneration of heat and electricity) contribution. Deflation was pushed up by 0.1 p.p. by lower prices of solid fuels (by 8.7%), accommodation services (by 4.2%), petroleum products (diesel and liquid fuels by 2.4% and petrol by 2.2%), health (by 2.1%) package holidays (by 2%) and all other price decreases in November.
In the last month, the following became more expensive: fruit (by 3.1%), different recreational items and equipment, gardens and pets (by 2.4%), tobacco (by 2.2) and clothing and footwear (by 0.8%). Each of the mentioned price increases lowered deflation by 0.1 p.p.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, the annual growth of consumer prices was 4.5% (in November last year 10.8%). The monthly price decrease was 0.8% (previous month prices went up by 0.3%).
On average, service prices went up by 7.1% and goods prices by 3.2%. Non-durable goods prices increased by 4.4% and semi-durable goods prices by 2.3%, while durable goods prices went down by 0.4%.
Measured with the harmonised index of consumer prices, in October the annual inflation rate in the EMU countries was 2.9% (a month before 4.3%). In the EU-27 Member States, it was 3.6% (a month before 4.9%). The lowest annual inflation rate was recorded in Belgium (−1.7%) and the highest in Hungary (9.6%). In Slovenia it stood at 6.6%.
The table with the latest data is available in the SiStat Database.
At the annual level, inflation stood at 4.9% (in the same period last year it was 10.0%).
In one year, service prices increased on average by 7.4% and goods prices by 3.6%. As regards goods, non-durable goods prices went up by 4.7%, semi-durable goods prices by 2.3% and durable goods prices by 0.6%.
The greatest impact on annual inflation (1.1 percentage points) came from 6.2% higher prices of food and non-alcoholic beverages. 0.7 p.p. was contributed by 6.7% higher prices of goods and services in the group recreation and culture, followed by 8.4% higher prices of restaurants and hotels, which added 0.6 p.p.
The prices of solid fuels were 26.4% lower than the year before, which pushed the inflation down by 0.4 p.p.
Deflation at the monthly level for the first time after more than a year
Compared to the previous month, consumer prices decreased by 1%.
The largest impact (0.8 p.p.) on monthly deflation came from lower prices of electricity (by 18.8%), because of exemption from paying the OVE (renewable energy sources) and SPTE (cogeneration of heat and electricity) contribution. Deflation was pushed up by 0.1 p.p. by lower prices of solid fuels (by 8.7%), accommodation services (by 4.2%), petroleum products (diesel and liquid fuels by 2.4% and petrol by 2.2%), health (by 2.1%) package holidays (by 2%) and all other price decreases in November.
In the last month, the following became more expensive: fruit (by 3.1%), different recreational items and equipment, gardens and pets (by 2.4%), tobacco (by 2.2) and clothing and footwear (by 0.8%). Each of the mentioned price increases lowered deflation by 0.1 p.p.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, the annual growth of consumer prices was 4.5% (in November last year 10.8%). The monthly price decrease was 0.8% (previous month prices went up by 0.3%).
On average, service prices went up by 7.1% and goods prices by 3.2%. Non-durable goods prices increased by 4.4% and semi-durable goods prices by 2.3%, while durable goods prices went down by 0.4%.
Measured with the harmonised index of consumer prices, in October the annual inflation rate in the EMU countries was 2.9% (a month before 4.3%). In the EU-27 Member States, it was 3.6% (a month before 4.9%). The lowest annual inflation rate was recorded in Belgium (−1.7%) and the highest in Hungary (9.6%). In Slovenia it stood at 6.6%.
The table with the latest data is available in the SiStat Database.
Annual growth rates of consumer prices, Slovenia
Growth rates of consumer prices, Slovenia
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Harmonised indices of consumer prices, Slovenia
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METHODOLOGICAL NOTE
Additional explanations are available in the methodological explanations.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
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