In February, consumer prices fell 0.3% over the previous month, which followed the 0.1% decrease recorded in January. According to the Croatian Bureau of Statistics (CBS), the decline reflects lower prices for clothing and footwear. Consumer prices dipped into the red in February, falling 0.6% over the same month last year (January: +0.1% year-on-year) and marking the lowest level on record. Meanwhile, the core consumer price index, which smoothens out more volatile categories such as fresh food and energy, declined 0.4% over the previous month. The print followed the 0.8% drop tallied in January. Core consumer prices fell 0.2% over the same month last year, which contrasted the 0.3% increase tallied in January and marked the lowest reading since February 2012. FocusEconomics Consensus Forecast panelists expect that inflation will end 2014 at 2.1%, which is down 0.3 percentage points from last month's forecast. For 2015, the panel sees inflation at 2.4%.
Consumer prices dip into the red in February
March 14, 2014
Looking for forecasts related to Inflation in Croatia? Download a sample report now.
Croatia Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %
Source: Croatian Bureau of Statistics (CBS).
Croatia Economic News
October 17, 2016
In September, consumer prices increased 1.0% from the previous month, which contrasted August’s 0.2% drop and marked the highest reading in four years.
September 29, 2016
After months of political conflict had led the government to collapse in June, snap elections were held in Croatia on 11 September.
September 29, 2016
In August, industrial output rose 2.5% over the same month of last year in seasonally and working-day adjusted terms, which represented an acceleration over July’s weaker 1.2% increase.
September 15, 2016
In August, consumer prices declined 0.2% over the previous month, which was a softer drop than July’s 0.7% decrease.
September 2, 2016
In July, industrial output rose 1.2% over the same month of last year in working-day adjusted terms, which represented a significant slowdown from June’s 4.1% increase and the lowest result in seven months.