Croatia: Inflation picks up in March

Consumer prices rose 0.6% in March compared to the previous month, contrasting the 0.1% decline observed in February. According to the Croatian Bureau of Statistics (CBS), higher prices for housing, water, electricity, gas and other fuels; and alcoholic beverages and tobacco were largely behind the monthly increase.

Inflation increased from February’s seven-month low of 0.8% to 1.1% in March. Annual average inflation remained unchanged in March at the 1.1% reading observed in February.

Croatia Inflation Forecast

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%.