Slovenia's annual inflation accelerates
Slovenia's annual inflation rate accelerated to 2.8% in July, the highest rate in over a year, driven by higher food prices.
The annual inflation rate was up by 0.6 percentage points from June and 1.5 points higher than in July 2024, according to Slovenian Statistical Office data.
Measured with the harmonised index of consumer prices, an EU-wide gauge, the annual rate ran at 2.9%, above the euro area average of 2%, CE Report quotes The Slovenia Times.
There were, however, significant differences among euro area members: the annual rate ranged between 5.6% in Estonia and 4.5% in Croatia and Slovakia, and just 0.1% in Cyprus and 0.9% in France.
In Slovenia, food and beverage prices have long been the main drivers of inflation and June was no different.
Prices of food and non-alcoholic beverages rose by 7.7% in a year to push the headline rate of inflation up by 1.4 percentage points.
Prices in restaurants and hotels were up by 5.6% and those in the group recreation and culture rose by 3%, contributing 0.4 points and 0.3 points to the headline rate, respectively.
Prices in healthcare rose by 4.3% and alcohol and tobacco are now 4% costlier than a year ago. Each of those two groups added 0.2 points to annual inflation.
