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.
Author: Eric Denis , Economist