Business News

Slovenia's annual inflation at 1.4% in October

Ljubljana, 30 October (STA) - Consumer prices in Slovenia grew at an annual rate of 1.4% in October, down from 1.7% in September. On the monthly level, prices grew by 0.1%. The annual inflation is driven by higher prices of services, which increased by 3.2% to contribute 1 percentage point to the annual rise.

Annual inflation was pushed up the most (by 0.4 of a percentage point) by higher prices of housing, water, electricity, gas and other fuels, also as a result of the prices of refuse collection increasing by 18.2%, the Statistics Office pointed out on Wednesday.

An additional 0.3 p. p. each was added by higher prices of food and non-alcoholic beverages (by 1.5%) and miscellaneous goods and services (by 3.4%).

On the other hand, the annual growth rate was pushed down by 0.2 p.p. by lower prices of motor fuels; petrol and diesel prices decreased by 4.5% each.

At the monthly level, the average 0.1% price increase can mostly be attributed to higher prices of clothing (3.8%) and footwear (5%), which pushed monthly inflation up by 0.3 percentage points.

Package holidays, whose prices plunged by 9.3%, on the other hand pushed down inflation by 0.3 points.

The harmonised index of consumer prices, an EU benchmark, stood at 1.5%, down 0.2 points over the month before. In October 2018 it was 2.3%.

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