Croatia: Inflation picks up in September
October 14, 2011
In September, consumer prices jumped 0.4% over the previous month, which contrasted the 0.1% drop observed in August. The reading marked the first monthly increase after three consecutive months of decline. According to the Statistics Office, the monthly rise reflected higher prices in clothing and footwear as well as education. As a result of the monthly jump, annual headline inflation rose from 2.0% in August to 2.2% in September, which represented its highest level since May. Moreover, annual core inflation, which smoothes more volatile categories such as fresh food and energy, rose to 0.3% (August: 0.1% year-on-year).
Author: Ricardo Aceves, Senior Economist