Croatia: Consumer prices record largest fall in nearly four years in May
June 16, 2020
Consumer prices increased 0.10% over the last month in May, swinging from April's 0.20% drop. May’s upturn was primarily driven by higher prices for clothing and footwear.
Consumer prices declined 0.6% on an annual basis in May, a steeper drop compared to April’s 0.2% decrease. May's fall was the largest since September 2016. In addition, the trend pointed down with annual average inflation coming in at 0.8% in May (April: 0.9%).
Author: Javier Colato, Economist