Slovenia's annual inflation rate edged up 0.1 percentage points
Slovenia's annual inflation rate edged up 0.1 percentage points to 2.4% in January, despite a drop in prices last month.
The National Statistics Office said that prices fell 0.5% on average in January.
Nevertheless, the annual rate was up a notch because an even bigger drop in prices had been registered in January 2005.
The monthly deflation was caused primarily by a 12.1% drop in clothing and footwear prices resulting from the winter sales.
This was enough to offset higher prices of food and beverage (1.5%), housing (0.8%) and transport (0.7%).
Prices of goods were down 0.9% on average in January, while services cost 0.2% more, the office added.
According to the Statistics Office, the 12-month average price growth, measured with the EMU convergence price index, remained steady at 2.5% in January.
Slovenia was thus fulfilling the inflation criterion for the eurozone, which at last count, in December, stood at 2.5%.
Source: Slovene Press Agency STA