Business News

Annual Inflation Flat at 0.9%

Ljubljana, 31 August (STA) - Annual inflation in Slovenia remained unchanged at 0.9% in August, although average prices were up 0.3% at the monthly level, the Statistics Office said on Wednesday.

Contributing most the the monthly rise, 0.2 percentage points, were hikes in the the prices of fuel and energy, with liquid fuel notably becoming 2.4% dearer.

Inflation was pushed down - by 0.1 percentage points each - by lower prices of vegetables and footwear. The prices of vegetables decreased the most in the group food and non-alcoholic beverages, on average by 5.3%, while footwear prices were down 2.3% on the account of sales.

The biggest monthly hikes were recorded in the groups recreation and culture (by 0.8%), restaurants and hotels (by 0.7%), housing, water, electricity, gas and other, and transport (each by 0.6%), and alcoholic beverages and tobacco (by 0.5%).

The highest annual growth was reported for the group housing, water, electricity, gas and other (by 4.9%), followed by food and non-alcoholic beverages (by 3.8%).

Meanwhile, the most substantial drops were recorded in the hospitality industry (by 9.8%), clothing and footwear (by 4.9%), and recreation and culture (by 2%).

Measured with the harmonised index of consumer prices, the EU standard, prices were up by 0.3% at the monthly level and by 1.2% year-on-year.

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