Croatia: Consumer prices record zero growth in annual terms in May
June 15, 2015
In May, consumer prices rose 0.4% over the previous month, coming in above April’s 0.1% increase. According to the Croatian Bureau of Statistics (CBS), the print mainly reflected that higher prices for transport more than compensated for lower prices of food and non-alcoholic beverages.
In annual term, consumer prices recorded zero growth in May (April: -0.1% year-on-year). The overall trend remained unchanged as annual average consumer prices decreased 0.2% in May, matching April’s result.
Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 0.2% over the previous month, coming in below April’s 0.6% increase. Core inflation remained at April’s 0.8% in May.
Author: Eric Denis , Economist