In May, consumer prices rose 1.7% over the previous month, which more than doubled the 0.8% increase tallied April. In fact, the May print marked the largest monthly gain since the start of the series in 2005. According to the Croatian Bureau of Statistics (CBS), the increase mainly reflected higher prices in the housing, water, electricity, gas and other fuels category, due to a hike in electricity and gas tariffs. As a result of the monthly rise, annual headline inflation jumped from April's 2.6% to 3.9% in May, the highest level since April 2009. Owing to the higher annual reading, annual average inflation rose from 2.1% in April to 2.2% in May. The core consumer price index, which smoothes out more volatile categories such as fresh food and energy, rose 0.5% over the previous month, which followed the 0.9% increase seen in April. As a result, annual core inflation edged up from 1.0% in April to 1.2% in May.
Inflation reaches its highest level in over three years
June 14, 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.