Croatia: Fall in annual consumer prices remains stable in November
December 16, 2015
In November, consumer prices fell 0.3% over the previous month, which followed October’s flat reading. According to the Croatian Bureau of Statistics (CBS), the print was mainly driven by a decrease in prices of transport and food.
In annual terms, consumer prices fell 0.9% in November, which matched October’s reading. As a consequence, annual average consumer prices kept falling in November at October’s rate of minus 0.4% , which was a multi-year low.
Meanwhile, the core consumer price index, which does not include more volatile categories, such as fresh food and energy, fell 0.1% month-on-month in November, which contrasted October’s 0.3% increase. Core inflation decreased from October’s 0.7% to 0.5% in November.
Author: Eric Denis , Economist