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Slovenia's annual inflation slows to 2.5% in May

May 31, 2024, 1:54:14 PMArticle by Radomir Ralev
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May 31 (SeeNews) - Slovenia's consumer prices grew by 2.5% year-on-year in May, after rising by 3.0% in April, the country's statistical office said on Friday.

Slovenia's annual inflation slows to 2.5% in May
Andrej Jakobčič, CC BY-SA 3.0, via Wikimedia Commons

On a monthly comparison basis, consumer prices rose by 0.5% in May, after growing 1.0% in April, the statistical office said in a statement posted on its website.

The annual growth rate was pushed up the most, by 0.5 of a percentage point (pp), by 6.8% higher prices in restaurants and hotels. Higher prices in the group housing, water, electricity, gas and other fuels, up 3.1%, contributed 0.4 pp.

The biggest impact on the monthly inflation, 0.2 pp, came from 4.0% higher prices of package holidays, while additional 0.1 pp was added by higher prices of fruit and women's garments. All other price increases in May contributed another 0.2 pp.

Measured with the harmonised index of consumer prices, the annual growth of consumer prices was 2.5% in May.

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