Croatia: Inflation picks up to a near five-year high in May
June 15, 2018
Consumer prices rose 0.4% from the previous month in May, slightly below the 0.7% rise recorded in April. According to the Croatian Bureau of Statistics (CBS), May’s increase was mainly driven by higher prices for food and non-alcoholic beverages, and transport.
Inflation picked up from 1.3% in April to 1.9% in May, the highest reading in nearly five years. Meanwhile, annual average inflation inched up to 1.2% in May from 1.1% in April.
Croatia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2018, which is unchanged from last month’s forecast. In 2019, the panel expects inflation to average 1.9%.
Author: Javier Colato, Economist