Croatia: Inflation continues to moderate in November
December 14, 2012
In November, consumer prices fell 0.2% over the previous month, which contrasted the 0.5% increase observed in October. According to the Croatian Bureau of Statistics (CBS), the increase mainly reflected lower prices for recreation and culture as well as for transport. As a result of the monthly drop, annual headline inflation slowed from 4.8% in October to 4.4% in November, which represents the lowest rate in three months.
Meanwhile, the core consumer price index, which smoothes out more volatile categories such as fresh food and energy, increased 0.1% over the previous month, which was well below the 1.1% rise seen in October. As a result of the subdued monthly print, annual core inflation ticked down from 1.7% in October to 1.5% in November.