Business News


Despite Monthly Deflation, Annual Inflation Up to 0.8% in January

Ljubljana, 07 February (STA) - Slovenia recorded deflation of 0.6% in January as winter sales pushed consumer prices down, but the annual inflation rate rose by 0.1 percentage points to 0.8%, the Statistics Office said on Friday.

Winter sales of clothing and footwear contributed 1.1 percentage points to the monthly deflation as clothing prices fell by 16.3% and footwear was 11.4% cheaper.

Lower prices of clothing and footwear also contributed to a decrease in consumer prices at the annual level as did the prices of petroleum products and of second-hand motor cars (by 0.2 points each)

Measured with the harmonised index of consumer prices, an EU gauge, the annual inflation rate in January was 0.9%, while consumer prices fell by 0.6% on a monthly basis.

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