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.