Inflation rate in Slovenia; above the average!
In december 2007, inflation in Slovenia was 5,7 % .
This was the highest degree in the euro area.
Eurostat has also perceived the growth of the inflation in Slovenia!
The annual inflation rate in the euro area was 3,1%. Regarding to the november, it remains the same. In the whole EU, it was 3,2%. Between 15 countries in the euro area, there was the highest inflation rate in Slovenia ( 5,7%) And the nearest rate was in the Netherlands (1,6%) ; data from the statistic office Eurostat.
As in the whole 27 euro – countries, and also 15 of them, with euro currency, the tension doesnt reduced. In euro area, there was the same annual rate of inflation in december as in november (3,1%). But in whole EU, there was the highest rate; from 3,1 to 3,2%. One year ago, it was an amount of 1,9% in the euro area, but in the whole EU, it was 2,2%.
In last time, the european central bank was very anxious, because of the high rate of inflation, and also, they are confronted with a dilemma, how to limited the growth of prices and besides not to threated the weakest economies. The main problems of the highest rate of inlation in last years were the recorded prices of the food and petroleum.
The nearest rates of inflation in the level of EU (december 2007) were established in the Netherlands; 1,6% , Finland (1,9%) and Great Britain (2,1% )
The highest rates were in Latvia (14%), Bolgaria (11,6%) and Estonia (9,7%).
Inflation also have a big influence in tourism in Slovenia
Because Slovenia has the highest rate of inflation (in euro-area), has a bad position in tourism. Because of inflation, there is lowest price competition, the force of purchase is lowest as for domestic as for foreign tourist. In the first quarter of this year, and in compare of the same period last year, the number of domestic tourists has declined. But there is the growth of the number of foreign tourists, probably because Slovenia is the chairmain in EU for the first 6 mounths this year.