Croatia Inflation April 2016


Croatia: Consumer prices continue to fall strongly in April

May 16, 2016

In April, consumer prices grew 0.1% over the previous month, which was down from March’s 0.7% increase. According to the Croatian Bureau of Statistics (CBS), the increase was mainly driven by strong growth in prices for clothing and footwear as well as for transport.

In annual terms, consumer prices fell 1.7% in April, mirroring March’s figure and marking the lowest reading on record. Annual average variation in consumer prices decreased further from March’s minus 0.7% to minus 0.8% in April, which represented a multi-year low.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, increased 0.4% month-on-month in April, following March’s 1.4% increase. Core inflation decreased from March’s 0.6% to 0.5% in April.

FocusEconomics Consensus Forecast panelists expect prices to fall 0.4% in 2016, which is down 0.5 percentage points from last month’s forecast. For 2017, the panel sees inflation of 1.3%.

Author: Massimo Bassetti, Economist

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