Croatia Inflation June 2020

Croatia

Croatia: Consumer prices decline at less pronounced pace in June

July 16, 2020

Consumer prices rose 0.10% over the previous month in June, matching May's increase. June’s upturn largely reflected higher prices for transport more than offsetting a decline in prices for clothing and footwear.

Consumer prices declined 0.2% year-on-year in June, a more modest drop compared to May’s 0.6% fall. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 0.7% in June (May: 0.8%).

FocusEconomics Consensus Forecast panelists expect inflation to average 0.3% in 2020, which is unchanged from last month’s forecast. In 2021, the panel expects inflation to average 1.1%.


Author:, Economist

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Croatia Inflation June 20 20

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


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