Consumer price indices, Slovenia, April 2021

In April 2021, annual inflation at 2.1%, monthly inflation at 1.0%

In April 2021, consumer prices were on average higher, at the annual level by 2.1% and at the monthly level by 1.0%. The annual inflation was mostly the result of higher prices of electricity.

30 April 2021 at 10:30
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Klavdija Škerlak
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Annual inflation in April at 2.1%

In April 2021, annual inflation was 2.1% (in April 2020 it was −1.2%), while the 12-month average price growth was −0.3% (in April 2020 it was 1.4%).

In one year, service prices decreased on average by 0.7%, while goods prices increased by 3.6%. Non-durable goods prices went up by 5.2%, durable goods prices by 1.2% and semi-durable goods prices by 0.2%.

In April 2021, the largest upward impact on the annual inflation (1.0 percentage point) came from 40.4% higher electricity prices, which are now back to pre-epidemic levels. Additional 0.8 p.p. was added by higher prices of petroleum products. The prices of liquid fuels increased by 30.4% and the prices of fuels and lubricants for personal transport equipment by 16.9%.

The annual growth rate was pushed down by 0.4 p.p. by 9.2% lower prices of package holidays.

Higher prices of clothing and footwear

In April 2021, consumer prices were on average 1.0% higher than in the previous month.

The April inflation was mostly the result of higher prices of clothing and footwear (by 8.1%), which pushed the monthly growth rate up by 0.5 p.p. Additional 0.2 p.p. was added by 2.2% higher prices in the group recreation and culture. Additional 0.1 p.p. each was added by higher prices of heat energy (by 12.8%), accommodation services (by 3.5%), pharmaceutical products (by 2.7%), household furniture (by 2.1%) and food (by 0.5%).

On the other hand, the monthly growth rate was pushed down by 0.1 p.p. each by lower prices of services in the group communication (by 2.2%) and by all other price decreases in April.

Harmonised indices of consumer prices

Measured with the harmonised index of consumer prices, in April 2021 the annual growth of consumer prices was 2.2% (in April 2020 it was −1.3%). The 12-month average price growth was −0.5% (in the same period last year 1.5%). The monthly price growth was 0.8%.

In April 2021, at the annual level service prices decreased on average by 0.1%, while goods prices increased by 3.5%. Non-durable goods prices went up by 5.0%, durable goods prices by 1.2% and semi-durable goods prices by 0.1%.

Measured with the harmonised index of consumer prices, in March 2021 the annual inflation rate in the EMU countries was 1.3% (in February 2021 the rate was 0.9%). In the EU-27 Member States it was 1.7% (up from 1.3% in February 2021). The lowest annual inflation rate was recorded in Greece (−2.0%) and the highest in Poland (4.4%); in Slovenia it stood at 0.1%.

SiStat table with the latest data

Annual growth rates of consumer prices, Slovenia

Source: SURS

Consumer price indices, Slovenia

	IV 21 IV 20	IV 21 III 21	IV 21 XII 20	I–IV 21 I–IV 20	IV 21–V 20 IV 20–V 19	IV 21 Ø 15
Total	102.1	101.0	101.2	100.1	99.7	105.50
01 Food and non-alcoholic beverages	99.6	100.5	101.7	99.7	102.0	110.97
02 Alcoholic beverages and tobacco	103.6	100.1	100.9	103.5	102.3	110.13
03 Clothing and footwear	99.9	108.1	101.5	96.7	96.1	100.40
04 Housing, water, electricity, gas and other fuels	111.2	101.0	101.9	103.8	100.6	112.46
05 Furnishing, household equipment and routine household maintenance	101.9	100.4	101.5	100.4	100.0	103.41
06 Health	101.7	101.2	97.2	101.3	101.6	106.23
07 Transport	104.8	100.3	103.9	99.1	95.1	95.97
08 Communications	98.0	97.8	96.6	99.7	100.5	102.23
09 Recreation and culture	97.5	102.2	101.2	97.1	98.8	98.44
10 Education	100.8	100.1	100.2	100.8	101.4	112.78
11 Restaurants and hotels	100.6	101.0	101.8	100.6	100.8	111.68
12 Miscellaneous goods and services	99.8	99.4	99.7	100.3	101.7	109.99

Goods	103.6	101.2	102.0	100.3	99.1	103.94
Services	99.3	100.7	99.7	99.7	100.8	108.84

Source: SURS

Growth rates of harmonised consumer prices, Slovenia

	IV 21 IV 20	IV 21 III 21	IV 21 XII 20	I–IV 21 I–IV 20	IV 21–V 20 IV 20–V 19	IV 21¹⁾ Ø 15
Total	2.2	0.8	1.3	0.1	-0.5	105.85
01 Food and non-alcoholic beverages	-0.4	0.7	1.9	-0.4	1.6	110.61
02 Alcoholic beverages and tobacco	3.7	0.1	0.8	3.6	2.4	110.18
03 Clothing and footwear	-0.3	7.6	0.1	-3.4	-4.0	98.27
04 Housing, water, electricity, gas and other fuels	10.9	1.1	1.9	3.2	0.0	112.46
05 Furnishing, household equipment and routine household maintenance	1.7	0.1	1.0	0.6	0.3	101.83
06 Health	0.6	0.8	-4.1	0.3	1.3	106.83
07 Transport	6.1	0.1	4.9	-1.2	-6.1	96.94
08 Communications	-0.3	-1.3	-1.9	0.7	1.2	104.01
09 Recreation and culture	-0.7	0.1	1.0	-0.9	-0.4	101.59
10 Education	0.7	0.1	0.2	0.7	1.2	111.46
11 Restaurants and hotels	0.5	0.8	1.2	0.5	1.1	112.61
12 Miscellaneous goods and services	0.5	-0.3	0.0	0.9	1.8	109.52

Goods	3.5	1.0	2.1	-0.1	-1.6	103.02
Services	-0.1	0.2	-0.3	0.3	1.1	110.55

1) Indices.

Source: SURS

METHODOLOGICAL NOTE

Due to the second wave of the coronavirus epidemic, SURS is still faced with difficulties in data collection.

In April 2021, we collected retail prices of non-food goods and services to a greater extent by phone and through the websites of providers. Higher quality of the indices was ensured by using scanner data, as we continue to obtain them weekly.

Where prices could not be collected or services were not provided, data were compiled in accordance with Eurostat recommendations, so in some subgroups the published indices are less reliable than usual. The missing prices were imputed by using the price changes of similar products. In some cases, where there are reasons to expect that the prices will be the same once the situation will revert back to normal, the carry forward method was used. For series with seasonal patterns (package holidays and some accommodation services), imputation with monthly change of the previous year was used. The share of imputed data represents 5.2% of the total index of consumer prices and 3.0% of the total harmonised consumer price index.

As we continue to obtain scanner data weekly, the indices for divisions 01 (Food and non-alcoholic beverages) and 02 (Alcoholic beverages and tobacco) were calculated in the same way and therefore are of the same quality as in the months before the epidemic.

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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Methodological explanations

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