Croatia Inflation


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.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at 0.1%, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation at 1.3%.

Author:, Economist

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Croatia Inflation Chart

Croatia Inflation July 2015

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

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