Croatia: Inflation moderates in August
September 16, 2013
In August, consumer prices rose 0.2% over the previous month, contrasting the 0.6% decrease recorded in July. According to the Croatian Bureau of Statistics (CBS), the result mainly reflects higher prices for transport and for alcoholic beverages and tobacco. Despite the monthly rise, annual headline inflation fell to 1.9% in August, down from 2.3% in July.
Meanwhile, the core consumer price index, which smooths out more volatile categories such as fresh food and energy, fell 0.4% over the previous month, matching the result seen in July. Annual core inflation declined from 1.2% in July to 1.0% in August.
FocusEconomics Consensus Forecast panelists anticipate inflation will end 2013 at 2.4%, which is up 0.1 percentage points from last month's forecast. For 2014, the panel sees inflation at 2.3%.