Croatia Inflation

Croatia

Croatia: Consumer prices hit 11-month high

November 14, 2014

In October, consumer prices rose 0.1% over the previous month, which was below September’s 0.7% rise. September’s figure had marked the largest rise in two years. According to the Croatian Bureau of Statistics (CBS), the print mainly reflected an increase in prices for clothing and footwear, as well as for communication. In contrast, pricesfor food and non-alcoholic beverages, transport, and recreation and culture fell compared to the previous month.

In annual terms, consumer prices rose 0.4%, which contrasted September’s 0.2% decrease. October’s print marked the largest rise in consumer prices in 11 months. The overall trend stabilized as annual average consumer prices remained unchanged at September’s minus 0.1%.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 0.5% over the previous month, which was below September’s 1.2% rise. Core inflation rose 0.6% over the same month last year, coming in below September’s 0.8% increase.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2014 at 0.3%, which is down 0.4 percentage points from last month’s forecast. For 2015, the panel sees inflation at 1.3%, down 0.1 percentage points from the previous month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Croatia Inflation Chart


Croatia Inflation October 2014

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


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