Croatia Inflation January 2017


Croatia: Inflation accelerates in January

February 24, 2017

In January, consumer prices dropped 0.1% from the previous month, following December’s slightly sharper 0.2% decrease. According to the Croatian Bureau of Statistics (CBS), the monthly fall was mainly driven by lower prices for clothing and footwear as well as for housing, water, electricity, gas and other fuels.

Inflation came in at 0.9% in January, above December’s 0.2% increase and marking the highest reading since November 2014. The annual average variation in consumer prices in January was minus 1.0%, marginally up from December’s minus 1.1%.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, fell 0.5% month-on-month in January, up from December’s 0.6% drop. Core consumer prices declined 0.3% on an annual basis, marginally up from December’s 0.4% decline.

FocusEconomics Consensus Forecast panelists expect prices to fall 1.1% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees inflation of 1.0%.

Author: Massimo Bassetti, Economist

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Croatia Inflation Chart

Croatia Inflation January 2017

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

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