Business News

Annual Inflation Edges Lower in October

Ljubljana, 29 October (STA) - Slovenia's annual inflation rate dropped 0.1 percentage points in October to 1.9%, while prices rose by 0.1% at the monthly level, the Statistics Office said Friday. The harmonised consumer price index, the EU benchmark, remained level at 2.1%.

In October higher prices were recorded in the groups clothing and footwear (4.6%) as prices of garments rose by 5.3% and footwear prices were 3.1% higher due to new product lines in stores.

Prices in education (1.6%), miscellaneous goods and services (0.5%), transport (0.4%), restaurants and hotels (0.3%) and housing, water, electricity, gas and other (0.2%) rose as well.

Higher prices of clothing and footwear pushed inflation up 0.4 percentage points and higher prices of petroleum products 0.1 percentage points.

Prices dropped in the groups recreation and culture (by 3.0%), food and non-alcoholic beverages (by 0.8%) and furnishing, household equipment and maintenance (by 0.2%).

Lower prices of package holidays reduced inflation by 0.3 percentage points and lower prices of fruit by 0.1 of a percentage point.

The highest annual growth was recorded in the groups housing, water, electricity, gas and other (11.7%), followed by alcoholic beverages and tobacco (8.2%), health (5.1%) and communication (2.5%).

Prices decreased year-on-year only in the groups restaurants and hotels (10.9%), clothing and footwear (1.1%) and transport (0.6%).

Compared to October 2009, goods prices went up by 3.0% while service prices dropped by 0.4%.

You might be also interested in:


We are here to help you.