Business News

Inflation Spikes to 1.9% in June

Ljubljana, 28 June (STA) - Slovenia's annual inflation rate rose to 1.9% year-on-year in June, up from 1.2% in May, though consumer prices remained unchanged over the previous month, the Statistics Office said on Friday.

The annual consumer price growth was driven in particular by higher prices of food and non-alcoholic beverages (+4.4%), which account for a significant share of the basket of prices and contributed 0.7 percentage points to the overall inflation rate.

Hospitality services were up 9.1% year-on-year on the back of a 12.7% increase in food services and contributed 0.5 percentage points to the annual inflation.

Prices also rose in the groups alcoholic beverages and tobacco (+7.5%) and education services (+4.6%).

Drops were registered in the groups health (-2.2%), housing (-1.4%), communication (-1.3%) and recreation & culture (-1%).

Services prices rose 2.6% over the year before and goods prices were up 1.5%.

Measured with the harmonised index of consumer products, the official EU gauge, prices in Slovenia rose by an 2.2% year-on-year compared to 1.6% in the previous month.

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