Croatia: Consumer prices fall in July in annual terms
August 13, 2015
In July, consumer prices decreased 0.8% over the previous month, which was below June’s 0.4% decrease and marked a seven-month low. According to the Croatian Bureau of Statistics (CBS), the print was mainly driven by a decrease in clothing and footwear as well as education prices.
In annual term, consumer prices fell 0.4% in July, marking a five-month low (June: 0.0% year-on-year). The overall trend remained unchanged as annual average consumer prices decreased 0.2% in July, matching June’s result.
Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, fell 0.9% over the previous month, which followed June’s 0.3% decrease. Core inflation inched down from June’s 0.7% to 0.5% in July.
Author: Eric Denis , Economist