Croatia Inflation April 2017

Croatia

Croatia: Inflation rebounds in April

May 19, 2017

In April, consumer prices rose 0.5% from the previous month, matching March’s reading. 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 1.4% in April, up from March’s 1.1% increase. The annual average variation in consumer prices in April edged up to minus 0.3% from March’s minus 0.5%.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 0.7% month-on-month in April, down from March’s 1.0% increase. Core consumer inflation in April came in at 1.7%, up from March’s 1.4% and the highest reading since September 2013.

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 April 2017

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


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