Slovenia's annual inflation rate growth slows to 4.9% in November

On a monthly comparison basis, consumer prices went down 1.0% in November, after growing by 0.2% in October, the statistical office said on Thursday in a statement posted on its website.

The greatest impact on annual inflation, 1.1 percentage points (pps) came from 6.2% higher prices of food and non-alcoholic beverages, higher prices of goods and services in the group recreation and culture rose by 6.7% and contributed 0.7 pp, followed by 8.4% higher prices of restaurants and hotels, which added 0.6 pp.

Monthly deflation was supported the most, 0.8 pp, by 18.8% lower prices of electricity, caused by the exemption from paying the renewable energy sources and cogeneration of heat and electricity contribution. Monthly deflation was also backed by 0.1 pp by 8.7% lower prices of solid fuels) and a 4.2% decline in accommodation services prices.

Measured with the harmonised index of consumer prices, the annual growth of consumer prices was 4.5% in November.