Croatia: Consumer prices drop in annual terms in April
May 14, 2015
In April, consumer prices rose 0.1% over the previous month, coming in significantly below March’s 0.9% increase, which had marked the largest rise since September 2012. According to the Croatian Bureau of Statistics (CBS), the print mainly reflected that higher prices for clothing and footwear more than compensated for lower prices for housing, water, electricity, gas and other fuels.
In annual term, consumer prices declined 0.1% in April (March: +0.1% year-on-year). The overall trend remained unchanged as annual average consumer prices decreased 0.2% in April, matching March’s result.
Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 0.6% over the previous month, coming in slightly below of March’s 0.8% increase. Core inflation inched down from 0.9% in March to 0.8% in April.