Croatia Inflation March 2017


Croatia: Inflation moderates in March after February's multi-year high

April 18, 2017

In March, consumer prices in Croatia rose 0.3% from the previous month, following February’s 0.2% increase. According to the Croatian Bureau of Statistics (CBS), the monthly rise was mainly driven by higher prices for clothing and footwear—due to the launch of a new seasonal collection—and restaurants and hotels.

Inflation came in at 1.1% in March, down from February’s 1.4% increase, which had marked the highest reading since August 2013. The annual average variation in consumer prices in March edged up to minus 0.5% from February’s minus 0.8%.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 1.0% month-on-month in March, up from February’s 0.2% increase. Core consumer prices in March were flat on an annual basis, contrasting February’s 0.1% decline.

FocusEconomics Consensus Forecast panelists expect prices to fall 1.1% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees inflation of 1.0%.

Author: Massimo Bassetti, Economist

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Croatia Inflation Chart

Croatia Inflation March 2017 0

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

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