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%.