Croatia Inflation


Croatia: Consumer prices continue to fall in September

October 15, 2014

In September, consumer prices rose 0.7% over the previous month, contrasting August’s 0.1% drop. The print marked the largest rise in two years. According to the Croatian Bureau of Statistics (CBS), the print mainly reflected an increase in prices for clothing and footwear, as well as for food and non-alcoholic beverages.

In annual terms, consumer prices fell 0.3%, mirroring August’s print. The overall trend continued to decrease as annual average inflation fell to minus 0.1% (August: 0.0%), the lowest value on record.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 1.2% over the previous month, contrasting August’s 0.1% drop. Core inflation rose 0.8% over the same month last year, coming in above August’s 0.6% price increase.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2014 at 0.7%, which is down 0.5 percentage points from last month’s forecast. For 2015, the panel sees inflation at 1.4%.

Author: Angela Bouzanis, Senior Economist

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Croatia Inflation Chart

Croatia Inflation September 2014 0

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

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