Slovenia reported annual consumer price growth of one percent in July, a release from Statistical Office disclosed. However, on a monthly level, Slovenia’s consumer prices fell 0.7 percent in the same period.
The 12-month average price growth for Slovenia’s consumer price was 1.1 percent. In the year-ago July, the annual inflation was 0.2 percent while the 12-month average price was -0.4 percent last year.
While services price advanced 1.5 percent on average in one-year period, goods price expanded 0.8 percent in the same period. As far as goods, semi-durable and non-durable goods are concerned; prices increased 1.5 percent and 1.3 percent respectively. On the other hand, durable goods prices dropped 1.6 percent.
The official press statement added, “Annual inflation rate was pushed up the most (by 0.3 of a percentage point) by higher prices of food and non-alcoholic beverages (by 1.5%). Additional 0.2 p.p. each was added by higher prices of tobacco (by 4.8%), clothing and footwear (by 3.4%), and housing, water, electricity, gas and other fuels (by 1.5%). “
Second-hand motor cars were the biggest downward impact on Slovenia’s annual inflation rate in July.