29.02.12

Annual Inflation Rises to 2.9% (II)

Ljubljana, 29 February (STA) - Slovenia's annual inflation rate rose by

0.6 percentage points to 2.9% in February chiefly due to a hike in fuel

prices. Consumer prices rose at a monthly rate of 0.6%, the Statistics

Office said on Wednesday.


 

Prices of petroleum products soared by 5.6% in the first two month of

the year, reaching new all-time highs in February. Heating oil now costs

86.6% more than five years ago and regular unleaded petrol is costlier by

50%.

This month the prices of liquid fuels rose by 2.9%, district

heating prices went up by 2.8%, gas prices by 2.1% and electricity prices

by 1.6%.

Dearer fuel also pushed up the prices of air passenger

transport by 4.7%. Package holidays were costlier by 1.9%.

February

also saw a marked growth in the prices of food and non-alcoholic beverages

due to a 7.5% hike in the prices of vegetables and 5.5% dearer

fruit.

Higher prices of petroleum products contributed 0.2 percentage

points to inflation, while higher prices of fruit, vegetables, electricity

and package holidays each added 0.1 point.

But lower prices of

clothing and footwear (-0.9%) pushed the monthly inflation rate down by 0.1

of a percentage point.

Year-on-year, the highest price hikes were

recorded in the group recreation and culture (6.8%), followed by housing,

water, electricity, gas (5.3%), food and non-alcoholic beverages, alcoholic

beverages and tobacco (3.9%).

Meanwhile, prices clothing and footwear

decreased by 3.5% in the past 12 months.

Measured with the harmonised

index of consumer prices, an EU benchmark, prices in Slovenia went up by

2.8% in the past twelve months.