Slovenia deflation extends for 6th month in January

Figures

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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. 

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