Croatia: Inflation declines to an over three-year low in September
October 16, 2013
In September, consumer prices rose 0.6% over the previous month, following the 0.2% increase recorded in August. According to the Croatian Bureau of Statistics (CBS), the result reflects higher prices for clothing and footwear as well as for restaurants and hotels. Despite the monthly rise, annual headline inflation fell from 1.9% in August to 1.1% in September, reaching the lowest level since August 2010.
Meanwhile, the core consumer price index, which smoothens more volatile categories such as fresh food and energy, rose 1.0% over the previous month, contrasting the 0.4% decline seen in August. Annual core inflation was steady at August's 1.0%.
FocusEconomics Consensus Forecast panelists anticipate inflation will end 2013 at 2.3%, which is down 0.1 percentage points from last month's forecast. For 2014, the panel sees inflation at 2.4%, which is up 0.1 percentage points over the previous month's estimate.