Croatia Inflation July 2017

Croatia

Croatia: Inflation inches up in July

August 18, 2017

In July, consumer prices fell 0.7% from the previous month, a sharper drop than June’s 0.5% decrease. According to the Croatian Bureau of Statistics (CBS), the monthly fall was mainly driven by lower prices for clothing and footwear due to seasonal sales.

Inflation came in at 0.8% in July, up slightly from June’s 0.7%. Annual average inflation was 0.3% in July, a notch above June’s 0.2% and the highest reading since July 2014.

The core consumer price index, which omits more volatile categories such as fresh food and energy, dropped 0.8% in July on a monthly base, which was a sharper fall than June’s 0.1% decrease. Core inflation in July came in at 1.7%, which followed June’s 1.8%.

FocusEconomics Consensus Forecast panelists expect prices to increase 1.3% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees inflation of 1.6%.


Author: Massimo Bassetti, Economist

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Croatia Inflation July 2017 0

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Croatian Bureau of Statistics (CBS)


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