Croatia: Inflation continues to mount in October
November 15, 2011
In October, consumer prices jumped 0.6% over the previous month, which was above both the 0.4% rise observed in September and the 0.1% increase registered in October last year. The reading marked the second monthly increase after three consecutive months of decline. According to the Statistics Office, the rise reflected higher prices for clothing and footwear as well for food and non-alcoholic beverages. As a result of the pronounced price increase, annual headline inflation rose from 2.2% in September to 2.6% in October, which represents its highest level since March. Moreover, annual core inflation, which smoothes more volatile categories such as fresh food and energy, reached 1.0% (September: 0.3% year-on-year).