Consumer price indices, July 2023
Prices up annually by 6.1%, monthly by 0.2%
In July 2023, consumer prices were on average higher by 6.1% annually and by 0.2% monthly. Annual inflation was influenced the most by higher prices of food and non-alcoholic beverages. Summer sales of clothing and footwear decreased monthly inflation by half a percentage point.
Annual inflation at 6.1%
At the annual level, inflation stood at 6.1% (a year before at 11.0%).
In one year, services prices increased on average by 8.3% and goods prices by 5.0%. As regards goods, semi-durable goods prices went up by 6.5%, non-durable goods prices by 5.3% and durable goods prices by 2.2%.
The biggest impact on the annual inflation, 2.0 percentage points, came from 11.1% higher prices of food and non-alcoholic beverages. 0.9 p.p. was added by 8.9% higher prices in the group recreation and culture. The prices of goods and services in the health group grew by 13.7% and added 0.8 p.p. to annual inflation. Additional 0.6 p.p. each was due to higher prices of services and products in restaurants and hotels (by 9.2%) and miscellaneous goods and services (7.8%).
On the other hand, cheaper petroleum products eased the annual inflation by 1.3 p.p. The prices of liquid fuels went down by 29.5% and the prices of fuels and lubricants for personal transport equipment by 16.2%. At the annual level, the electricity price also fell by 10.9% and pushed inflation down by half a percentage point.
Monthly inflation at 0.2%
Compared to the previous month, consumer prices increased by 0.2%.
Monthly inflation was pushed up the most (by 0.4 p.p.) by 9.6% higher prices of package holidays. Higher prices of petroleum products added 0.2 p.p.; the prices of liquid fuels went up by 3.9% and the prices of fuels and lubricants for personal transport equipment by 3.6%. Additional 0.1 p.p. each was added by higher prices of accommodation services (by 5.0%), water supply and miscellaneous services relating to the dwelling (by 1.5%), medical products, appliances and equipment (by 1.4%) and miscellaneous goods and services (by 0.8%).
On the other hand, summer sales lowered the prices of clothing and footwear by 6.7% and pushed monthly inflation down by 0.5 p.p. Additional 0.2 p.p. was contributed by lower prices of food (by 1.0%). All other price decreases in July contributed 0.1 p.p.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, this July the annual growth of consumer prices was 5.7% (in July 2022: 11.7%). The monthly price growth stood at 0.0%.
On average, service prices went up by 8.3% and goods prices by 4.4%. Semi-durable goods prices increased by 6.3%, non-durable goods prices by 4.8% and durable goods prices by 1.0%.
Measured with the harmonised index of consumer prices, in June the annual inflation rate in the EMU countries was 5.5% (a month before 6.1%). In the EU-27 Member States, it was 6.4% (a month before 7.1%). The lowest annual inflation rate was recorded in Luxembourg (1.0%) and the highest in Hungary (19.9%); in Slovenia it stood at 6.6%.
The table with the latest data is available in the SiStat Database
At the annual level, inflation stood at 6.1% (a year before at 11.0%).
In one year, services prices increased on average by 8.3% and goods prices by 5.0%. As regards goods, semi-durable goods prices went up by 6.5%, non-durable goods prices by 5.3% and durable goods prices by 2.2%.
The biggest impact on the annual inflation, 2.0 percentage points, came from 11.1% higher prices of food and non-alcoholic beverages. 0.9 p.p. was added by 8.9% higher prices in the group recreation and culture. The prices of goods and services in the health group grew by 13.7% and added 0.8 p.p. to annual inflation. Additional 0.6 p.p. each was due to higher prices of services and products in restaurants and hotels (by 9.2%) and miscellaneous goods and services (7.8%).
On the other hand, cheaper petroleum products eased the annual inflation by 1.3 p.p. The prices of liquid fuels went down by 29.5% and the prices of fuels and lubricants for personal transport equipment by 16.2%. At the annual level, the electricity price also fell by 10.9% and pushed inflation down by half a percentage point.
Monthly inflation at 0.2%
Compared to the previous month, consumer prices increased by 0.2%.
Monthly inflation was pushed up the most (by 0.4 p.p.) by 9.6% higher prices of package holidays. Higher prices of petroleum products added 0.2 p.p.; the prices of liquid fuels went up by 3.9% and the prices of fuels and lubricants for personal transport equipment by 3.6%. Additional 0.1 p.p. each was added by higher prices of accommodation services (by 5.0%), water supply and miscellaneous services relating to the dwelling (by 1.5%), medical products, appliances and equipment (by 1.4%) and miscellaneous goods and services (by 0.8%).
On the other hand, summer sales lowered the prices of clothing and footwear by 6.7% and pushed monthly inflation down by 0.5 p.p. Additional 0.2 p.p. was contributed by lower prices of food (by 1.0%). All other price decreases in July contributed 0.1 p.p.
Harmonised indices of consumer prices
Measured with the harmonised index of consumer prices, this July the annual growth of consumer prices was 5.7% (in July 2022: 11.7%). The monthly price growth stood at 0.0%.
On average, service prices went up by 8.3% and goods prices by 4.4%. Semi-durable goods prices increased by 6.3%, non-durable goods prices by 4.8% and durable goods prices by 1.0%.
Measured with the harmonised index of consumer prices, in June the annual inflation rate in the EMU countries was 5.5% (a month before 6.1%). In the EU-27 Member States, it was 6.4% (a month before 7.1%). The lowest annual inflation rate was recorded in Luxembourg (1.0%) and the highest in Hungary (19.9%); in Slovenia it stood at 6.6%.
The table with the latest data is available in the SiStat Database
Annual growth rates of consumer prices, Slovenia
Growth rates of consumer prices, Slovenia
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Harmonised indices of consumer prices, Slovenia
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METHODOLOGICAL NOTE
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
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