Croatia Inflation

Croatia

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.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2016 at 1.0%, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 1.6%.


Author:, Economist

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Croatia Inflation Chart


Croatia Inflation November 2015

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


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