Croatia Inflation September 2017

Croatia

Croatia: Inflation continues to climb in September

October 23, 2017

In September, consumer prices increased 1.5% from the previous month, following August’s flat result and marking the highest reading since May 2012. According to the Croatian Bureau of Statistics (CBS), the monthly increase was mainly driven by higher prices for clothing and footwear—due to the new Autumn collection—, housing, water, electricity, gas and other fuels, and higher prices for transport.

Inflation came in at 1.4% in September, up from August’s 1.0%. Annual average inflation was 0.7% in September, above August’s 0.5% and the highest reading since March 2014.

The core consumer price index, which omits more volatile categories such as fresh food and energy, rose 1.4% in September on a monthly basis, contrasting August’s 0.2% decrease. Core inflation in September came in at 1.5%, following August’s 1.4%.

FocusEconomics Consensus Forecast panelists expect prices to increase 1.3% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees inflation of 1.6%.


Author: Massimo Bassetti, Economist

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Croatia Inflation Chart


Croatia Inflation September 2017

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


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