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.
Author: Eric Denis , Economist