Croatia Inflation December 2015

Croatia

Croatia: Fall in annual consumer prices softens in December

January 18, 2016

In December, consumer prices fell 0.6% over the previous month, which was below November’s 0.3% decrease and marked a five-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 fall in prices of household equipment.

In annual terms, consumer prices fell 0.6% in December, which followed November’s 0.9% decrease and marked a four-month high. As a consequence, annual average consumer prices inched down from November’s 0.4% fall to a 0.5% decline in December, 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 0.7% month-on-month in December, which was below November’s 0.1% decrease. Core inflation increased from November’s 0.5% to 0.7% in December.

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 December 2015

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


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