Croatia Inflation January 2018

Croatia

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.

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%.


Author: Massimo Bassetti, Economist

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Croatia Inflation January 2018

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


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