Croatia Inflation February 2016

Croatia

Croatia: Record fall in annual consumer prices tallied in February

March 17, 2016

In February, consumer prices fell 0.3% over the previous month, which was above January’s 0.7% decrease and marked a three-month high. According to the Croatian Bureau of Statistics (CBS), the fall was partly driven by a seasonal decrease in the prices of clothing and footwear as well as by a reduction in transport prices.

In annual terms, consumer prices fell 1.4% in February, which followed January’s 0.8% decrease and marked the lowest reading on record. Annual average consumer prices remained stable at January’s minus 0.5%, which represented a multi-year low.

The core consumer price index, which does not include more volatile categories such as fresh food and energy, dropped 0.2% month-on-month in February, which was above January’s 1.1% decrease. Core inflation decreased from January’s 0.3% to a flat reading in February.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.5% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, the panel sees inflation of 1.5%.


Author: Massimo Bassetti, Economist

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Croatia Inflation February 2016 0

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


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