Croatia: Inflation falls to over two-year low in January

Consumer prices fell 0.9% from the previous month in January, following the 0.8% drop recorded in December and marking the third consecutive monthly decline. According to the Croatian Bureau of Statistics (CBS), January’s dip was largely driven by lower prices for clothing and footwear due to seasonal discounts.

Meanwhile, inflation slipped from 0.8% in December to 0.2% in January, an over two-year low. As a result, annual average inflation ticked down to 1.4% in January from 1.5% in the previous month.

Croatia Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2019, which is down 0.2 percentage points from last month’s forecast. In 2020, the panel expects inflation to average 1.9%.