Croatia Inflation


Croatia: Inflation slows down in November

December 16, 2014

In November, consumer prices fell 0.3% over the previous month, contrasting October’s mild 0.1% rise and marking the lowest reading in four months. According to the Croatian Bureau of Statistics (CBS), the print mainly reflected lower prices for transport, recreation and culture, as well as housing, water, gas, electricity and other fuels.

In annual terms, consumer prices rose 0.2%, coming in below October’s 0.4% increase. The overall trend stabilized as annual average consumer prices remained unchanged at October’s minus 0.1%.

Meanwhile, the core consumer price index, which does not include more volatile categories such as fresh food and energy, rose 0.1% over the previous month, which was below October’s 0.5% rise. Core inflation rose 0.7% over the same month last year, coming in above October’s 0.6% increase.

FocusEconomics Consensus Forecast panelists expect that inflation will end 2015 at 1.4%, which is unchanged from last month’s forecast. For 2016, the panel sees inflation at 2.0%.

Author: Teresa Kersting, Economist

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Croatia Inflation Chart

Croatia Inflation November 2014

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

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