Slovenia’s output price index, also called the producer price index (PPI), increased by 2.4% y/y and by 0.3% m/m in June, the Slovenian Statistical Office announced on July 21.
PPI in Slovenia at the beginning of 2018 maintained the trend from 2017 when it increased 2.2%, continuing upward from 2016, when it increased by 0.5% against 2015. This was mainly thanks to the PPI on foreign markets, which increased by 2.6% y/y, while PPI on the domestic market rose by 1.8% y/y in 2017.
In June against June 2017, both the output prices on the domestic market and the output prices on the non-domestic market increased, by 2.6% and 2.2%, respectively. Meanwhile, the prices of industrial products sold on the markets of the euro area countries increased by 2.7% and the prices of industrial products sold outside the euro area by 2.1%, the statistical office reported.
In annual terms, prices went up the most in the manufacture of basic metals (by 6.0%) and decreased the most in manufacture of computer and optical products (by 7.6%).
According to the newest statistical office data, in June against May, prices of exported products went up by 0.4% and the prices of manufactured goods sold on the domestic market by 0.2%. At the monthly level, the prices of industrial products sold in the euro area countries went up by 0.4%, while the prices of industrial products outside the euro area went up by 0.3%.
Capital goods prices increased by 0.8% and intermediate goods prices by 0.4%. On the other hand, consumer goods prices decreased (by 0.1%). Energy prices remained the same as in May, the statistical office’s newest data indicated.
The statistical institution said that in June in monthly terms output prices increased the most in manufacture of motor vehicles and trailers (by 1.7%) as well as in manufacture of basic metals (by 1.2%) and rubber and plastic products (by 0.8%). On the other hand, prices decreased the most in printing and reproduction of recorded media (by 3.4%) and in manufacture of computer and optical products (by 1%).