Croatia Inflation September 2016


Croatia: Annual drop in consumer prices eases in September

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. According to the Croatian Bureau of Statistics (CBS), the monthly growth was mainly driven by higher prices for clothing and footwear—due to new collections—and for transport.

In annual terms, consumer prices fell 0.9% in September, which was up from August’s 1.5% decline and marked an eight-month high. The annual average variation in consumer prices in September matched August’s multi-year low of minus 1.3%.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, increased 1.5% month-on-month in September, which contrasted August’s 0.1% drop and marked the highest reading since August 2002. Core consumer prices fell 0.1% on an annual basis, marginally up from August’s 0.2% drop.

FocusEconomics Consensus Forecast panelists expect prices to fall 0.9% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees inflation of 1.1%, which is up 0.1 percentage points from last month’s projection.

Author: Massimo Bassetti , Economist

Sample Report

Looking for forecasts related to Inflation in Croatia? Download a sample report now.


Croatia Inflation Chart

Croatia Inflation September 2016

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

Croatia Economic News

  • Croatia: Industrial production growth speeds up in August

    October 2, 2017

    Industrial output in August increased 3.2% in working-day adjusted terms from the same month last year, following July’s softer 2.5% expansion. August’s result was driven by healthy expansions in the manufacturing and electricity, gas, steam, and air conditioning supply sub-sectors, although the mining and quarrying sub-sector continued to contract, albeit softly, in August. On a month-on-month basis, industrial production in August expanded 0.3% in seasonally- and working-day adjusted terms, contrasting July’s 1.1% decrease.

    Read more

  • Croatia: Inflation picks up in August

    September 15, 2017

    In August, consumer prices were flat from the previous month, following July’s 0.7% decrease.

    Read more

  • Croatia: Industrial production growth slows in July

    September 1, 2017

    Industrial output in July increased 2.5% in working-day adjusted terms from the same month last year, following June’s strong 4.0% expansion. July’s result was the lowest reading in three months.

    Read more

  • Croatia: Private consumption growth gives GDP a helping hand in Q2

    August 30, 2017

    The economy performed well in the second quarter of 2017, despite the crisis affecting Croatia’s largest company Agrokor, whose outstanding obligations currently stand close to 15% of the country’s GDP according to the European Bank for Reconstruction and Development.

    Read more

  • Croatia: Inflation inches up in July

    August 18, 2017

    In July, consumer prices fell 0.7% from the previous month, a sharper drop than June’s 0.5% decrease.

    Read more

More news

Search form