Business News

Annual inflation at 1.7% in September

Ljubljana, 30 September (STA) - Slovenia's annual inflation rate in September reached 1.7%, with the rise in prices of goods and services related to housing contributing the most to the inflation. A deflation rate of 0.2% was meanwhile recorded at the monthly level, the Statistics Office reported on Monday.

Contributing 0.5 of a percentage point to the annual inflation rate in September were higher prices in the segment of housing, water, electricity, gas and other fuels.

Increasing significantly were the prices of waste collection (19.2%), heating (9.3%), water supply (3.8%) and electricity (1.8%).

Contributing 0.3 of a percentage point each to the rate were more expensive food (with prices of meat increasing by 3.9%) and the higher prices in the segment miscellaneous goods and services.

For instance, the price of top-up health insurance was up in September for the second time in the last 12 months, increasing by 13%, the Statistics Office said.

On the other hand, slowing down the inflation were the lower prices of motor fuels, reducing it by 0.3 of a percentage point, with regular petrol going down by 6.2% and diesel by 4.5%.

The harmonised index of consumer prices, an EU benchmark, stood at 1.7% in September, up 0.4 points from the same month in 2018.

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