Croatia Inflation April 2020

Croatia

Croatia: Consumer prices fall year-on-year for the first time in over three years in April

May 15, 2020

Consumer prices dropped 0.2% from the last month in April, contrasting March's 0.2% rise. April’s fall was mainly driven by lower prices for transport, and housing and utilities.

Consumer prices declined 0.2% year-on-year in April, contrasting March’s 0.6% rise and marking the first annual decline since November 2016. Meanwhile, annual average inflation ticked down to 0.9% in April (March: 1.0%).

FocusEconomics Consensus Forecast panelists expect inflation to average 0.4% in 2020, which is down 0.2 percentage points from last month’s forecast. In 2021, the panel expects inflation to average 1.1%


Author:, Economist

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Croatia Inflation April 20 20

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


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