Croatia: Fall in annual consumer prices deepens in September
October 14, 2015
In September, consumer prices rose 0.5% over the previous month, which contrasted August’s 0.3% fall and marked a six-month high. According to the Croatian Bureau of Statistics (CBS), the print was mainly driven by an increase in prices of clothing and footwear as well as housing, water, electricity and gas prices.
In annual terms, consumer prices fell 0.8% in September, marking an eight-month low (August: -0.6% year-on-year). The overall trend remained unchanged as annual average consumer prices decreased 0.2% in September, matching August’s result.
Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 1.5% in September, which followed August’s flat reading. Core inflation rose from August’s 0.6% to 0.9% in September.
Author: Eric Denis , Economist