Business News

Slovenia's Annual Inflation Down to 2%

Ljubljana, 30 September (STA) - Slovenian consumer prices dropped 0.5% in September, the third monthly decrease this year, to bring the annual inflation rate down to 2% from 2.3% the month before, the Statistics Office said Thursday. The harmonised consumer price index, the EU benchmark, dropped to 2.1% from 2.4% in August.

The biggest monthly price decline was recorded in the groups restaurants and hotels, where a 68.8% drop in the price of school meals following the introduction of subsidies led to a 12.5% overall price decrease in the group.

Lower prices were also recorded in recreation and culture (4.9%), education (0.9%), transport (0.8%), food and non-alcoholic beverages, and housing, water, electricity and gas (0.4% each).

Lower prices of canteen services pushed inflation down 0.7 percentage points, lower prices of package holidays 0.5 points and price drops of cars and vegetables 0.1 points each.

The biggest surge was meanwhile recorded in the group clothing and footwear (12.5%), as summer sales ended and stores started stocking new autumn-winter collections.

Higher prices of clothing and footwear pushed the monthly inflation rate up by 0.9 percentage points.

At the annual level the highest price growth was recorded in the groups housing, water, electricity, gas and other (11.4%), followed by alcoholic beverages and tobacco (8.5%), health (5.2%) and communication (3.5%).

On the other hand, in one year prices decreased only in groups restaurants and hotels (11.2%) and transport (2.1%).

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