Croatia Inflation January 2016

Croatia

Croatia: Fall in annual consumer prices intensifies in January

February 24, 2016

In January, consumer prices fell 0.7% over the previous month, which was below December’s 0.6% decrease and marked a six-month low. According to the Croatian Bureau of Statistics (CBS), the print was mainly driven by a seasonal decrease in prices of clothing and footwear as well as a drop in the prices for transport.

In annual terms, consumer prices fell 0.8% in January, which followed December’s 0.6% decrease. Meanwhile, annual average consumer prices remained stable at 0.5% compared to December, when consumer prices marked a multi-year low.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, dropped 1.1% month-on-month in January, which was below December’s 0.6% decrease. Core inflation decreased from December’s 0.7% to 0.3% in January.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2016 at 0.7%, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 1.6%.


Author: Massimo Bassetti, Economist

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Croatia Inflation January 2016

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


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