Croatia Inflation


Croatia: Consumer prices record lower annual decline in February

March 16, 2015

In February, consumer prices rose 0.3% over the previous month, contrasting January’s 0.6% drop and marking the largest increase since September of last year. According to the Croatian Bureau of Statistics (CBS), the print mainly reflected higher prices for food and non-alcoholic beverages, furnishing and household equipment as well as housing, water, electricity, gas and other fuels.

In annual terms, consumer prices declined 0.4% in February, coming in above January’s 0.9% decrease, which had represented the steepest drop on record. The overall trend stabilized as annual average consumer prices decreased 0.3% in February, matching January’s result.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, was unchanged over the previous month, coming in above January’s 0.7% decline. Core inflation rose 1.2% in annual terms, exceeding January’s 0.8% increase.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at 0.4%, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel sees inflation at 1.5%.

Author: Teresa Kersting, Economist

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Croatia Inflation Chart

Croatia Inflation February 2015

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

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