Tuesday, November 30, 2010

Consumer price indices, Slovenia, November 2010

In November consumer prices on average 0.3% higher. In November consumer prices increased on average by 0.3%. In the first eleven months of this year they increased by 1.8% (in the same period a year before by 2.3%). On average, goods prices went up by 0.5%, while service prices went down by 0.1%. As regards goods, semi-durable and non-durable goods prices went up by 2.1% and 0.4%, respectively, while durable goods prices went down by 0.7%.

Higher prices of clothing and footwear, food and vegetables. In November higher prices were recorded in these groups: clothing and footwear (by 2.4%), food and non-alcoholic beverages and education (each by 0.9%), communication (by 0.3%), health (by 0.2%), alcoholic beverages and tobacco, furnishing, household equipment and maintenance, and miscellaneous goods and services (each by 0.1%). New lines in stores continued to have an impact on the prices in the group clothing and footwear; the prices of clothing materials increased by 3.0%, of garments by 2.7% and of footwear by 1.9%. The rise in the group food and non-alcoholic beverages was mostly caused by higher prices of vegetables (by 5.7%) and fruit (by 5.1%). On the other hand, prices of bread and cereals and of milk, cheese and eggs dropped the most (each by 0.7%).

In the group education the prices in the subgroup education not definable by level increased by 5.6%, while the prices of pre-primary education and tertiary education remained unchanged. In November prices also grew in the group communication, which can be attributed to the higher prices of telephone and other equipment (by 2.8%). In the group health the prices of pharmaceutical products increased by 0.5%. Higher prices of clothing and footwear pushed the inflation up by 0.2 of a percentage point, vegetables and fruit added 0.1 of a percentage point each as did all other increases together.

Lower prices of package holidays and motor cars. In November lower prices were recorded in these groups: restaurants and hotels (by 0.6%), transport (by 0.3%), recreation and culture (by 0.2%) and housing, water, electricity and other (by 0.1%). In the group restaurants and hotels the prices of accommodation services in hotels decreased the most (on average by 4.0%). As regards transport, the prices of new motor cars and second-hand motor cars went down by 0.9% and 1.8%, respectively. On the other hand, the prices of passenger transport by air went up by 3.1%. In the group recreation and culture the prices of books decreased the most (on average by 2.0%), followed by package holidays with 1.5% and audio-visual, photographic and information processing equipment with 0.8%. On the other hand, the prices of sports equipment and of games, toys and hobbies increased by 6.8% and 2.4%, respectively. The fall in the group housing, water, electricity, gas and other was mostly caused by lower prices of heat energy (3.3%), gas (0.4%) and actual rents for housing (0.3%), while solid fuel prices went up by 2.9%. Lower prices of package holidays and motor cars each pushed the inflation down by 0.1 of a percentage point.

In November 2010 the annual growth of consumer prices was 1.4%, while the 12-month average price growth was slightly lower at 1.8% (in the same period last year 0.9%). The highest annual growth was recorded in the group alcoholic beverages and tobacco (by 8.0%), followed by housing, water, electricity, gas and other (by 7.1%), health (by 4.4%), communication (by 2.8%), food and non-alcoholic beverages (by 1.9%), furnishing, household equipment and maintenance (by 1.8%), education (by 1.3%) and miscellaneous goods and services (by 0.6%). On the other hand, in one year prices decreased only in the groups restaurants and hotels (by 11.0%), transport (by 1.2%) and recreation and culture (by 0.1%). On average the prices of clothing and footwear remained unchanged. In comparison with November last year, goods prices went up by 2.2%, while services prices went down by 0.4%. As regards goods, non-durable and semi-durable goods prices grew by 4.7% and 0.3%, respectively, while durable goods prices decreased by 5.2%.


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