Croatia Inflation


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.

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 May 2015

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

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