Croatia: Consumer prices dip into the red in February
March 14, 2014
In February, consumer prices fell 0.3% over the previous month, which followed the 0.1% decrease recorded in January. According to the Croatian Bureau of Statistics (CBS), the decline reflects lower prices for clothing and footwear. Consumer prices dipped into the red in February, falling 0.6% over the same month last year (January: +0.1% year-on-year) and marking the lowest level on record. Meanwhile, the core consumer price index, which smoothens out more volatile categories such as fresh food and energy, declined 0.4% over the previous month. The print followed the 0.8% drop tallied in January. Core consumer prices fell 0.2% over the same month last year, which contrasted the 0.3% increase tallied in January and marked the lowest reading since February 2012. FocusEconomics Consensus Forecast panelists expect that inflation will end 2014 at 2.1%, which is down 0.3 percentage points from last month's forecast. For 2015, the panel sees inflation at 2.4%.