Croatia Inflation May 2017

Croatia

Croatia: Inflation softens in May

June 16, 2017

May saw consumer prices fall 0.2% from the previous month, contrasting April’s 0.4% increase. According to the Croatian Bureau of Statistics (CBS), the monthly rise was mainly driven by lower prices for clothing and footwear, and transport. The drop was partially offset by a rise in the price of furnishings, household equipment and routine household maintenance.

Inflation came in at 1.1% in May, down from April’s 1.4% increase. The annual average variation in consumer prices in May was flat, up from minus 0.3% - the highest since July 2014.

The core consumer price index, which omits more volatile categories such as fresh food and energy, swung from a 0.7% rise in April to a 0.1% drop in May. Core consumer inflation in May came in at 1.6%, marginally down from April’s 1.7%.

FocusEconomics Consensus Forecast panelists expect prices to increase 1.2% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel sees inflation of 1.7%.


Author:, Economist

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Croatia Inflation May 2017

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


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