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%.