Croatia: Inflation moderates further in April
May 15, 2013
In April, consumer prices rose 0.4% over the previous month, which was up from the 0.3% rise in March. According to the Croatian Bureau of Statistics (CBS), the increase mainly reflected higher prices for clothing and footwear as well as for alcoholic beverages and tobacco. Despite the monthly rise, annual headline inflation fell from 3.7% in March to 3.3% in April, reaching the lowest level since July last year.
Meanwhile, the core consumer price index, which smoothes out more volatile categories such as fresh food and energy, rose 0.7% over the previous month, mirroring the result seen in March. Despite the monthly increase, annual core inflation inched down from 1.3% in March to 1.2% in April.
FocusEconomics Consensus Forecast panellists anticipate inflation will end 2013 at 2.6%, which is unchanged from last month's forecast. For 2014, the panel sees inflation at 2.5%.
Author: Armando Ciccarelli, Head of Data Solutions