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Slovenia Inflation Rate Eases in October

Figures

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The annual inflation rate in Slovenia at 9.9% in October, slightly lower than its previous 10% rise, data from the Statistical Bureau of Slovenia (SURS) shows.

Main upward pressure came from food and non-alcoholic beverages, increasing by 17.2% and pushing annual inflation by 2.8%, along with higher fuel and energy prices which rose by 18.7% and adding 2.2% in the annual rate.

To a lesser extent, elevated prices in expensive furnishings, household equipment, routine, and maintenance were up 12.5% and contributed a softer 0.9%.

On a monthly basis, inflation increased by 0.8%, after a 0.9% drop in the previous month.

A separate report from the Ljubljana-based agency showed that retail sales in Slovenia increased 23.9% year-on-year in September, easing from a 31.7% surge in the previous month.

It was the smallest gain in retail trade in 7 months, as sales in food, beverages & tobacco dropped sharply (-2.7% vs 0.7% in August).

Meanwhile, sales slowed for automotive fuels (66.7% vs 93.2%), while slightly advanced for non-food products (5.8% vs 4.3%).

On a seasonally adjusted monthly basis, retail trade fell 3.7%, the first decline in retail sales in five months, compared with a 7% rise in August.

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