Croatia Inflation June 2017

Croatia

Croatia: Inflation continues to ease in June

July 20, 2017

June saw consumer prices fall 0.5% from the previous month, a sharper drop than May’s 0.1% decrease. According to the Croatian Bureau of Statistics (CBS), the monthly fall was mainly driven by lower prices for clothing and footwear, food and non-alcoholic beverages and transport.

Inflation came in at 0.7% in June, down from May’s 1.1% and marking the lowest reading in six months. The annual average variation in consumer prices in June was 0.2%, up from the previous month’s flat reading and marking the highest reading since June 2014.

The core consumer price index, which omits more volatile categories such as fresh food and energy, dropped 0.1% in June on a monthly base, matching May’s reading. Core consumer inflation in June came in at 1.8%, the highest result since September 2013 and up from May’s 1.6%.

FocusEconomics Consensus Forecast panelists expect prices to increase 1.2% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel sees inflation of 1.7%.


Author: Massimo Bassetti, Economist

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Croatia Inflation June 2017

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


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