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CEE falling inflation trend comes to an end
3 days ago
Slovenia’s annual inflation in August remained at the same level as in the previous month at 11% (chart), the statistics office said on August 31. In the first eight months of the year, inflation was 8.2%.
Annual inflation in August was influenced the most by higher prices of fuels, electricity and food. According to the European Commission, Slovenia's inflation is seen at 6.1% in 2022 and 3.3% in 2023.
In August, the largest impact on annual inflation (4.1 pp) came from 36.7% higher prices of fuels and energy. Prices of solid fuels increased by 66.6%, of gas by 47.4%, of liquid fuels by 40.9%, of heat energy by 40.6% and of electricity by 33.3%.
Higher prices of food by 14.1%, contributed to the annual inflation by 2.1 pp.
Month on month, Slovenia’s consumer price index was flat, following a growth of 1% in July.
Measured with the harmonised index of consumer prices, the annual growth of consumer prices in August was 11.5%, compared to inflation of 2.1% in the same month in 2021. On a monthly level it moved down by 0.1%.
In 2021, Slovenia posted average inflation of 1.9%, following 0.1% deflation a year earlier.
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Data
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
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Czech inflation stagnated at 2% in March
Consumer price indices (inflation) in Czechia remained at 2% in March, the same year-on-year growth as in February, which is the lowest inflation rate since December 2018.
Ukraine records lowest inflation in over three years
Ukraine's inflation rate dropped to its lowest level in more than three years in March 2024, marking a significant slowdown in consumer price growth, according to data released by the State Statistics Service.
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