Croatia: Inflation falls from an over five-year high in July

Consumer prices dropped 0.9% from the previous month in July, contrasting the flat reading recorded in June. According to the Croatian Bureau of Statistics (CBS), July’s print mainly reflected substantially lower prices for clothing and footwear.

Inflation edged down to 2.1% in July from 2.4% in June, which had marked the highest reading in over five years. Meanwhile, annual average inflation ticked up from 1.3% in June to 1.4% in July.

Croatia Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 1.6% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, the panel expects inflation to average 1.9%.