Croatia: Inflation hits all-time low in October
November 14, 2013
In October, consumer prices fell 0.4% over the previous month, contrasting the 0.6% increase recorded in September. According to the Croatian Bureau of Statistics (CBS), the decrease reflects lower prices for housing, water, electricity and fuel, as well as for transport. Annual headline inflation fell from 1.1% in September to 0.2% in October, reaching the lowest level since the country began keeping records in 1999.
Meanwhile, the core consumer price index, which smoothens more volatile categories such as fresh food and energy, rose 0.7% over the previous month, following the 1.0% increase in September. Annual core inflation inched down from 1.3% in September to 1.2% in October.
FocusEconomics Consensus Forecast panelists expect that inflation will end 2013 at 2.1%, which is down 0.2 percentage points from last month's forecast. For 2014, the panel sees inflation at 2.5%, which is up 0.1 percentage points over the previous month's estimate.