The Slovenia Times

Annual inflation down to 1% in October


The average rise in prices over the past 12 months stood at 1.3% in October, compared to -0.2% in the 12 months to October last year.

At the yearly level, prices of goods were up by an average of 0.8% and prices of services by 1.5%. Non-durable goods were costlier by 2%, while semi-durable and durable goods were cheaper by 1.5% and 1.8%, respectively.

Higher prices of fuels and food each contributed 0.3 percentage points to the inflation at the yearly level. Prices of liquid fuels rose by 9.2%, diesel was dearer by 8% and petrol prices went up by 4.4%. On average, prices of food rose by 1.7%.

On the other hand, a 3% decrease in the prices of clothing pushed down the annual inflation by 0.2 points.

At the monthly level, higher prices of clothing (by 6.1%), driven by the arrival of autumn and winter collections, contributed 0.3 points to inflation.

A 0.7% increase in prices of electricity, gas and other fuels, an increase in prices of motor fuels (diesel was dearer by 2.5%, and petrol by 0.1%), and other increases in prices, each contributed 0.1 points to the monthly inflation.

On the other hand, the monthly inflation was pushed down 0.3 percentage points by an 8.3% decrease in prices of holiday packages. Lower prices of fruit (-5.1%) and used cars (-4.1%) each chipped away 0.1 points from inflation.

Measured with the harmonised index of consumer prices, a mettle used by the EU's statistics office Eurostat, consumer prices rose by 1.3% at the annual level and by 0.3% at the monthly level in October.


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