Croatia: Inflation moderates further in January
February 27, 2018
Consumer prices dropped 0.2% in January compared to the previous month, following a sharper 0.4% fall in December. According to the Croatian Bureau of Statistics (CBS), the strongest drops were registered in the prices of clothing and footwear—due to seasonal discounts—and education.
Inflation inched down to 1.1% in January from the previous month’s 1.2%. However, annual average inflation rose to 1.2% in January, up from 1.1% in the prior month and the highest reading since February 2014.
The core consumer price index, which omits volatile categories such as fresh food and energy, dropped 0.7% over the previous month in January, matching December’s reading. Meanwhile, core inflation inched down to a one-year low of 1.2% from 1.4% in the previous month.