Annual Inflation at 6.9% in February Due to Energy Prices

By , 01 Mar 2022, 08:22 AM Business
Annual Inflation at 6.9% in February Due to Energy Prices Source: SURS

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STA, 28 February 2022 - Slovenia recorded an annual inflation rate of 6.9% in February, with the surging prices of energy being the main contributing factor. Inflation on a monthly level was at 1.4%, the Statistics Office reported on Monday.

Compared to February 2021, the prices of goods were up by 8.5% on average, and the prices of services by 3.7%.

Contributing 1.3 percentage points to the annual inflation rate in February were the higher prices of energy, gas and other fuels (by 19.6%), with the price of electricity increasing by 15%.

The price of gas was up by 25.6%, of liquid fuels by 10.3%, of solid fuels by 11.6% and of heating by 52.1%.

A 26.6% increase in the prices of fuels and lubricants for motor vehicles added one percentage point to the inflation rate in February, as did the higher prices of food (up by 6.4%).

The inflation rate was meanwhile offset by 0.2 of a percentage point by the lower prices in the communications category (-3.6%).

Inflation on a monthly level was at 1.4% in February, with the more expensive food (+2.1%), electricity (+8.4%) and holiday packages (+10.4%) being the main contributing factors.

On the other hand, the prices of footwear were down by 2.7%, of natural gas by 6.7% and of goods and services in the healthcare category by 1.1%.

Measured with the harmonised index of consumer prices, an EU-wide standard, Slovenia's annual inflation ran at 7% in February, and monthly inflation ran at 1.1%.

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