Croatian CPI continued its growth this year, reaching 4.8% YoY in November.
In November 2021, the prices of goods and services for personal consumption, which is measured by the consumer price indices (CPI), increase by 4.8% YoY on average. This marks the highest increase in CPI since February of 2013. We note that this is also in line with the Eurozone inflation, which reached 4.9% in November.
CPI for the eleven months of this year compared to the same period last year showed an increase in consumer prices of 2.3%. The growth was mostly driven by Food and non-alcoholic beverages prices, which as the largest component of the CPI at 27.2%, grew by 5.7% YoY. The growth was also driven by transport prices, which as the 3rd largest component of the CPI at 13.3%, grew by 12.9% YoY.
CPI (January 2013 – November 2021)
When looking at the main groups by the purpose of consumption, in November 2021, the highest relative increase was experienced by the transport segment, which noted a 12.9% increase YoY. Within this segment, the Operation of personal transport equipment increased by 17.6% YoY, while at the same time, Fuels and lubricants for personal transport equipment increased by 26.6% YoY. At the same time, Food and non-alcoholic beverages increased by 5.7%. Alcoholic beverages and tobacco experienced an increase of 5.6%, driven by higher tobacco prices (7.1% YoY).
Housing, water, electricity, gas, and other fuels had an increase of 3.5% YoY. Within this segment, liquid fuels had a significant increase of 74% YoY, while gas prices increase by 14.2% YoY. Clothing and footwear experienced a 2.2% increase YoY, mostly driven by footwear prices (+4.2% YoY). Looking over at MoM basis, most of the prices remained flat or increased less than 1%, with the only notable increase being the Food and non-alcoholic beverages which increased by 1.5% MoM.
CPI Sector Increase Breakdown – November 2021 (%)
Purcari announces the increase in share capital, by issuing 117,500 ordinary shares.
On Friday, Purcari announced that it will increase the share capital by issuing 117,500 ordinary shares with the nominal value of EUR 0.01/share. The new shares were subscribed by employees and managers of the Company, at an exercise price of RON 10/share, meaning that the total subscription value will amount to RON 1.175m.
The decision is the result of the exercised stock options, which were allotted to employees and managers in accordance with the Management Incentive Programme, which was approved by the Resolutions of General Shareholders Meetings from June 14, 2018, April 29, 2020, and March 29, 2021.
As of November 2021, Slovenian mutual funds manage EUR 4.19bn, representing a 1.3% increase MoM.
This increase marks a YTD increase of 29.5%, with the funds having increased their AUM for 10 out of 11 months during 2021 thus far. The amount of EUR 4.19bn AUM also represents the highest amount the funds ever had, (since available data – June 2007).
Equity Holdings of Slovenian UCITS Funds (EUR bn)
Looking over to the net contributions in Slovenian mutual funds, over the 11 months of 2021, they increased steadily MoM, amounting to EUR 423m, which continues the year’s positive trend. In terms of the asset structure of the funds, as of November 2021, shares amounted to 70% of total assets (or EUR 2.93bn), which represents a very tiny -0.05% decrease MoM, and a YTD increase in the percentage of shares in the total amount of assets of 0.5 p.p. (from 69.5% to 70%).
Net contributions in the Slovenian mutual funds (EUR m)
Of that, the domestic equity holdings amount to EUR 70.2m, representing a 0.7% increase MoM and a drop of 7.1% when compared to the levels it had before the COVID-19 pandemic (January 2021). However, on a YTD basis, domestic equity holdings are up by 21.6%. On the flip side, foreign equity holdings amount to EUR 2.86bn, making up the majority of the Slovenian mutual funds. The 2nd most held assets are bonds, which make up 15.7% (or EUR 659.7m), followed by investment funds with 7.2% (or EUR 300m) and money market, deposits & cash with 6.2% (or EUR 260m).
Total assets of all Slovenian UCITS funds (EUR bn)