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Slovenia Business Week no. 01: Annual Inflation Rate at 2.3%

Meanwhile, the 12-month average price growth measured with the EMU convergence price index also remained steady at 2.5% in December

The holiday mood has kept consumer prices unchanged in December from November, yet they increased by 2.3% over December 2004, according to early figures released by the Statistical Office on Friday, 30 December.

Numerous Christmas and New Year's season discounts were again the main reason for the drop in consumer prices, most notably clothes and footwear prices. On average, clothes prices fell 3.2% and footwear prices 2.4% in December.

Meanwhile, the 12-month average price growth measured with the EMU convergence price index also remained steady at 2.5% in December.

According to the latest available data in November, the convergence price index stood at 2.5%, which means that Slovenia met eurozone entry requirements as early as last month.

With 2.3%, Slovenia's annual inflation rate has reached the European level. The highest price growth was registered in housing (up 0.9 percentage points), and transport, recreation and culture (all up 0.3 percentage points).

Prices of services rose faster than prices of goods. Compared to last year's December, services were dearer by 3% and good by 2%.

Source: Slovene Press Agency STA


Author: STA