Croatia Inflation


Inflation recovers slightly following October's all-time low

In November, consumer prices fell 0.1% over the previous month following the 0.4% decrease recorded in October. According to the Croatian Bureau of Statistics (CBS), the decline reflects lower prices for transport as well as for food and non-alcoholic beverages. In November, annual headline inflation inched up from 0.2% in October to 0.4%; October's print had marked the lowest level since the country began keeping records in 1999.

Meanwhile, the core consumer price index, which smoothens out more volatile categories such as fresh food and energy, was flat over the previous month following the 0.7% increase tallied in October. Annual core inflation inched down from 1.2% in October to 1.1% in November.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2013 at 1.6%, which is down 0.5 percentage points from last month's forecast. For 2014, the panel sees inflation at 2.4%, which is down 0.1 percentage points over the previous month's estimate.

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Croatia Inflation Chart

Croatia Inflation November 2013

Note: Year-on-year and month-on-month variation of consumer price index in %
Source: Croatian Bureau of Statistics (CBS).

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