Croatia: Inflation moderates further in February
March 22, 2018
Consumer prices dropped 0.1% in February compared to the previous month, following a sharper 0.2% fall in January. According to the Croatian Bureau of Statistics (CBS), the strongest drops were registered in the prices of clothing and footwear, transport and housing, water, electricity, gas and other fuels.
Inflation edged down to a seven-month low of 0.8% in February from the previous month’s 1.1%. Consequently, annual average inflation dropped to 1.1% in February, down from 1.2% in the prior month, which marked the highest reading since February 2014.
The core consumer price index, which omits volatile categories such as fresh food and energy, dropped 0.2% over the previous month in February, a softer drop than January’s 0.7% decline. Meanwhile, core inflation edged down to an over one-year low of 0.8% from 1.2% in the previous month.
Croatia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect prices to increase 1.6% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees inflation of 1.8%.