Croatia Inflation

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Croatia: Fall in annual consumer prices deepens in October

November 16, 2015

In October, consumer prices were stable over the previous month, which was below September’s 0.5% rise. According to the Croatian Bureau of Statistics (CBS), the print was mainly driven by a decrease in prices of recreation and culture as well as communication.

In annual terms, consumer prices fell 0.9% in October, marking a multi-year low (September: -0.8% year-on-year). As a consequence, annual average consumer prices inched down from September’s 0.2% fall to a 0.4% decrease in October, which marked a multi-year low as well.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 0.3% in October, which was below September’s 1.5% increase. Core inflation decreased from September’s 0.9% to 0.7% in October.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at zero, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation at 1.3%, which is unchanged from last month’s estimate.


Author:, Economist

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Croatia Inflation Chart


Croatia Inflation October 2015

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


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