Croatia Inflation


Inflation rises again in July

In July, consumer prices dropped 0.6% over the previous month, following the 0.2% decrease recorded in June. According to the Croatian Bureau of Statistics (CBS), the result mainly reflects lower prices for clothing and footwear as a part of seasonal discounts. Despite the monthly decline, annual headline inflation rose to 2.3% in July, up from 2.0% in June.

Meanwhile, the core consumer price index, which smoothes out more volatile categories such as fresh food and energy, fell 0.4% over the previous month, following the 0.3% drop seen in June. Annual core inflation, however, increased from 0.4% in June to 1.2% in July.

FocusEconomics Consensus Forecast panellists anticipate inflation will end 2013 at 2.3%, which is down 0.1 percentage points from last month's forecast. For 2014, the panel sees inflation at 2.4%.

Author:, Economist

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Croatia Inflation Chart

Croatia Inflation June 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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