Slovenia’s inflation rate rose to 3.6% in May, marking a new high for 2024.
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(1) Slovenia's annual inflation rate in May accelerated to 3.6% from April's 3.1%, reaching its highest level since March 2024. (2) This increase was mainly driven by heightened price pressures in housing and utilities (inflation rate rising from 9.7% to 10.0%) as well as transport (accelerating from 4.6% to 5.5%). (3) Additional upward pressure came from recreation and culture, alcoholic beverages and tobacco, furniture, and communications. Meanwhile, prices for clothing and footwear nearly stabilized, edging down just 0.1% after a 2.9% decline in April. (4) In contrast, price increases for food and non-alcoholic beverages, healthcare services, and restaurants and hotels moderated slightly. Month-on-month, consumer prices in May increased by 0.5%, a marked slowdown from the 1.9% rise, mainly due to declines in liquid fuel and diesel prices. (5) The harmonized inflation rate for May rose to 3.8% from April's 3.4%.
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