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

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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)

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