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.
Author: Eric Denis , Economist