Croatia Inflation

Croatia

Croatia: Fall in consumer prices in August softens in annual terms

September 14, 2015

In August, consumer prices decreased 0.3% over the previous month, which was above July’s 0.7% decrease and marked a three-month high. According to the Croatian Bureau of Statistics (CBS), the print was mainly driven by a decrease in transport as well as clothing and footwear prices.

In annual terms, consumer prices fell 0.6% in August, marking a seven-month low (July: -0.4% year-on-year). The overall trend remained unchanged as annual average consumer prices decreased 0.2% in August, matching July’s result.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, remained flat over the previous month, which followed July’s 0.9% decrease. Core inflation inched up from July’s 0.5% to 0.6% in August.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at 0.1%, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation at 1.3%.


Author:, Economist

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Croatia Inflation August 2015

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


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