Croatia Inflation December 2016

Croatia

Croatia: Inflation resurfaces in December

February 1, 2017

In December, Croatian consumer prices dropped 0.2% from the previous month, contrasting November’s 0.1% increase and marking the lowest reading in four months. According to the Croatian Bureau of Statistics (CBS), the monthly fall was mainly driven by lower prices for clothing and footwear.

In annual terms, inflation came in at 0.2% in December, which contrasted November’s 0.2% decline and marked the highest reading since November 2014. The annual average variation in consumer prices in December was minus 1.1%, marginally up from November’s minus 1.2%.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, fell 0.6% month-on-month in December, down from November’s 0.1% drop. Core consumer prices declined 0.4% on an annual basis, matching November’s reading.

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 December 2016

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


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