Inflation Rose to 2% in September

By , 01 Oct 2018, 14:20 PM Business
Inflation Rose to 2% in September Flickr - Eric Rosenbaum CC by 2.0

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STA, 28 September 2018 - Slovenia's annual inflation rate ran at 2% in September, up 0.2 percentage points from the month before, mainly due to higher prices of petroleum products. Consumer prices rose by 0.4% from the previous month. 

According to the Statistics Office, prices of goods went up by 1.8% and prices of services by 2.3% year-on-year. While prices of non-durable goods rose by 3.3%, durable goods and semi-durable goods were cheaper by 1.6% and 0.9%, respectively.

Higher fuel and energy prices contributed 0.9 percentage points to the annual inflation rate; liquid fuel prices rose by 24.2%, heat energy prices by 14.9%, solid fuel prices by 13.3%, diesel prices by 10.8%, petrol prices by 7.3% and gas prices rose by 6.7%.

By contrast, lower prices of clothing and air passenger transport pushed down the annual rate by 0.1 of a percentage point. Prices of clothes dropped by 1.7% and air passenger transport came 21.4% cheaper.

Meanwhile, with the arrival of new collections to stores, prices of clothing and footwear rose at the monthly level by 11.1% and 9.5%, respectively, pushing the monthly inflation rate up by 0.7 points.

Compared to the month before, September also saw higher prices of fresh or chilled vegetables and fruit (+6.9% and +4.2%), heat energy (+12%), furniture and furnishing (+2.3%) and new cars (+1.5%).

The prices of package holidays decreased by 14.5% and air passenger transport prices fell by 25.9% compared to August.

Measured with the harmonised index of consumer prices, an EU standard, annual inflation ran at 2.2% and the monthly rate at 0.5%. The annual inflation rate in euro countries was 2%.

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