Inflation rises again, with further price increases expected
Translated from Slovenian and summarized by DistantNews. Read the original for the full story.
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- Slovenia’s consumer prices rose 3% year on year in August, 0.1 percentage point higher than in July.
- Housing, water, electricity, gas and other fuels made the largest contribution to inflation, followed by transport and recreation, sport and culture.
- Oxford Economics analysts expect food prices to rise 11.8% this year, with inflation likely to strengthen in autumn and winter.
Slovenia’s inflation rate increased again in August after several months of easing. Consumer prices rose 3% from a year earlier, up 0.1 percentage point from July.
The biggest contribution came from housing, water, electricity, gas and other fuels, where prices increased 8.1%. Transport prices rose 4.7%, while recreation, sport and culture became 5.3% more expensive, according to the national statistics office.
Services rose by an average of 4.3% over the year, compared with a 2.3% increase for goods. Analysts at Oxford Economics expect food prices to rise 11.8% this year.
The outlook described in the report points to stronger consumer-price growth during the autumn and winter, driven mainly by food and energy costs.
About this summary
Originally published by Delo in Slovenian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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