Croatia Inflation


Croatia: Consumer prices in June record zero growth in annual terms

July 15, 2015

In June, consumer prices decreased 0.4% over the previous month, which contrasted May’s 0.4% increase. According to the Croatian Bureau of Statistics (CBS), the print was mainly driven by a decrease in food and non-alcoholic beverages, clothing as well as housing prices.

In annual term, consumer prices recorded zero growth in June (May: 0.0% year-on-year). The overall trend remained unchanged as annual average consumer prices decreased 0.2% in June, matching May’s result.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, fell 0.3% over the previous month, which contrasted May’s 0.2% increase. Core inflation inched down from May’s 0.8% increase to 0.7% in June.

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 June 2015

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

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