Croatia: Consumer prices hit all-time low in May
June 16, 2016
In May, consumer prices rose 0.2% over the previous month, which was slightly up from April’s 0.1% increase. According to the Croatian Bureau of Statistics (CBS), the increase was mainly driven by growth in prices for food and non-alcoholic beverages as well as in prices for transport.
In annual terms, consumer prices fell 1.8% in May, which was down from April’s 1.7% decrease and marked the lowest reading on record. Annual average variation in consumer prices decreased further from April’s minus 0.8% to minus 1.0% in May, which represented a multi-year low.
The core consumer price index, which does not include more volatile categories such as fresh food and energy, fell 0.3% month-on-month in May, contrasting April’s 0.4% increase and marking the lowest rate in four months. Core inflation decreased from April’s 0.5% to 0.1% in May.