Croatia: Inflation moderates in February
March 14, 2013
In February, consumer prices edged up 0.3% over the previous month, which was above the 0.1% rise observed in January. According to the Croatian Bureau of Statistics (CBS), the increase mainly reflected higher prices for alcoholic beverages and tobacco as well as for transport. Despite the monthly pick-up, annual headline inflation fell from 5.2% in January to 4.9% in February.
Meanwhile, the core consumer price index, which smoothes out more volatile categories such as fresh food and energy, rose 0.1% over the previous month, which contrasted the 0.5% fall seen in January. Consequently, annual core inflation rose from 2.0% in January to 2.4% in February.
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