Croatia Inflation


Croatia: Inflation picks up in March

April 15, 2015

In March, consumer prices rose 0.9% over the previous month, coming in above February’s 0.3% increase and marking the largest increase since September 2012. According to the Croatian Bureau of Statistics (CBS), the print mainly reflected that higher prices for clothing and footwear and transport more than compensated for lower prices for food and non-alcoholic beverages as well as for housing, water, electricity, gas and other fuels.

Headline inflation stood at 0.1% in March, which represented the highest reading in four months (February: -0.4% year-on-year). The overall trend advanced slightly as annual average consumer prices decreased 0.2% in March, coming in slightly above February’s 0.3% decline.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 0.78% over the previous month, coming in notably above February’s flat reading. Core inflation rose 0.9% in annual terms, coming in below February’s 1.2% increase.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at 0.2%, which is down 0.2 percentage points from last month’s forecast. For 2016, the panel sees inflation at 1.4%.

Author: Teresa Kersting, Economist

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Croatia Inflation Chart

Croatia Inflation March 2015

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

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