Croatia: Inflation tumbles to record low in January
February 24, 2014
In January, consumer prices fell 0.1% over the previous month, which followed the 0.2% decrease recorded in December. According to the Croatian Bureau of Statistics (CBS), the decline reflects lower prices for clothing and footwear. Annual headline inflation inched down from 0.3% in December to 0.1% in January, which marks the lowest reading on record.
Meanwhile, the core consumer price index, which smoothens out more volatile categories such as fresh food and energy, declined 0.8% over the previous month. The print followed the 0.9% drop tallied in December. Annual core inflation fell from 0.6% in December to 0.3% in January.
FocusEconomics Consensus Forecast panelists expect that inflation will end 2014 at 2.4%, which is unchanged from last month's forecast. For 2015, the panel sees inflation also at 2.4%.