Croatia: Inflation drops to 10-month low in December

Consumer prices fell 0.8% from the previous month in December, following the 0.2% drop recorded in November. According to the Croatian Bureau of Statistics (CBS), December’s decline was largely driven by lower prices for transport, and clothing and footwear due to seasonal discounts.

Inflation dipped from 1.3% in November to 0.8% in December, a 10-month low. Meanwhile, annual average inflation was unchanged at 1.5% in December for the fifth consecutive month.

Croatia Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 1.7% in 2019, which is down 0.1 percentage points from last month’s forecast. In 2020, the panel expects inflation to average 1.9%.