Slovenia deflation extends for 6th month in January
Photo by esfera / Shutterstock.com
Consumer prices in Slovenia were down 0.7% year-on-year in January, marking the sixth consecutive month of deflation.
According to data from the Statistical Bureau of Slovenia (SURS), prices fall for fuels and energy by 9.4% annually in January. Additional downward pressure came from housing and utilities (-1.6%), recreation and culture (-2.9%), and furnishing, household equipment and routine household maintenance (-0.3%).
On the other hand, prices of clothing and footwear rose by 0.9% and those of miscellaneous goods and services went up by 0.8%. On a monthly basis, consumer prices decreased 0.4%. A report released by the Ljubljana-based statistics agency shows, the share of Slovenian households having no problems making ends meet rose from 18% in 2019 to 21% in 2020. The share of those having a hard time living through the month on their wages remained unchanged at 20%, whereas 31% of the households had "minor problems", data show.
The rate of serious material deprivation meanwhile rose by 0.4 of percentage points to 3%, meaning around 61,000 persons lived in materially-deprived households, up 8,000 over 2019. Housing expenses, which also include rent or mortgage, were much of a burden for 26% of the households, a drop of 6 percentage points, whereas 15% had no problems.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.