Croatia: Inflation climbs to an over five-year high in June
July 17, 2018
Consumer prices remained unchanged from the previous month in June, contrasting the 0.4% rise recorded in May. According to the Croatian Bureau of Statistics (CBS), June’s reading largely reflected higher prices for transport being offset by lower prices for clothing and footwear.
Inflation picked up from 1.9% in May to 2.4% in June, the highest reading in over five years. Meanwhile, annual average inflation inched up to 1.3% in June from 1.2% in May.
Croatia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2018, which is unchanged from last month’s forecast. In 2019, the panel expects inflation to average 1.9%.
Author: Javier Colato, Economist