Croatia Inflation


Inflation down a tick in December

In December, consumer prices fell 0.2% over the previous month, which followed the 0.1% decrease recorded in November. According to the Croatian Bureau of Statistics (CBS), the decline reflects lower prices for clothing and footwear as well as for furnishings. In December, annual headline inflation inched down from 0.4% in November to 0.3% in December. Inflation closed 2013 at 4.7%.

Meanwhile, the core consumer price index, which smoothens out more volatile categories such as fresh food and energy, declined 0.9% over the previous month, which was down from the flat reading tallied in November. Annual core inflation inched up from 1.1% in November to 1.2% in December.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2014 at 2.4%, which is unchanged from last month's forecast. For 2015, the panel also sees inflation at 2.4%.

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Croatia Inflation Chart

Croatia Inflation December 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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