Croatia Inflation November 2016


Croatia: Annual drop in consumer prices eases in November

December 16, 2016

In November, consumer prices in Croatia rose 0.1% from the previous month, which followed October’s stronger 0.4% increase and marked the lowest reading in three months. According to the Croatian Bureau of Statistics (CBS), the monthly increase was mainly driven by higher prices for clothing and footwear.

In annual terms, consumer prices fell 0.2% in November, which was up from October’s 0.5% decline and marked a 17-month high. The annual average variation in consumer prices in November remained stable at October’s minus 1.2%.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, grew 0.1% month-on-month in November. This followed October’s 0.6% increase and marked a three-month low. Core consumer prices rose 0.3% on an annual basis, up from October’s 0.1% increase.

FocusEconomics Consensus Forecast panelists expect prices to fall 1.1% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees inflation of 1.0%.

Author: Massimo Bassetti, Economist

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