In July, consumer prices dropped 1.0% over the previous month, which followed the 0.6% decline observed in June. In fact, the July print marked the steepest monthly fall on record. According to the Croatian Bureau of Statistics (CBS), the decrease mainly reflected lower prices for clothing and footwear as well as for transport. As a result of the monthly drop, annual headline inflation moderated from 3.8% in June to 3.4% in July. The core consumer price index, which smoothes out more volatile categories such as fresh food and energy, fell 1.1% over the previous month, which was below the 0.1% drop seen in June. Owing to the monthly decline, annual core inflation edged down from 1.3% in June to 0.7% in July.
Inflation continues to moderate
August 16, 2012
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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.