Business News

Slovenia's annual inflation at 2.3% in August

Ljubljana, 30 August (STA) - Slovenia's annual inflation in August reached 2.3%, whereas the prices of consumer goods rose by an average 0.4% at the monthly level, the Statistics Office said Friday.

Since last August, the prices of services have increased by 3.1% and the prices of goods by 1.9%.

The annual inflation rate was driven by higher prices in the group of housing, water, electricity, gas and other fuels, contributing 0.7 percentage points to it.

While the prices of water supply and housing services rose by 7.8%, electricity, gas and other fuels were by 3.6% more expensive.

Higher prices of food also contributed a lot to inflation, 0.5 points, as food was by 3.1% more expensive.

At the monthly level, the prices of consumer goods rose by an average 0.4% in August, mostly on account of higher prices of clothes, which rose by 4.3%, contributing 0.2 points to the inflation rate.

The harmonised index of consumer prices, an EU benchmark, stood at 2.4% in August, up 0.4 points from August 2018.

In July, eurozone members had an average annual inflation rate of 1% and EU members 1.4%, with Slovenia's at 2%, the Statistics Office also said.

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