Croatia: Inflation continues to rise in April
May 15, 2012
In April, consumer prices rose 0.8% over the previous month, which was down from the 1.5% increase tallied in March, which had marked the largest monthly gain since the start of the series in 2005. According to the Croatian Bureau of Statistics (CBS), the increase reflected higher prices for clothing and footwear, alcoholic beverages as well as for transport. As a result of the monthly rise, annual headline inflation stepped up from March's 2.0% to 2.6% in April, the highest level in five months. That said, despite the higher annual reading, annual average inflation remained unchanged at March's 2.1%. The core consumer price index, which smoothes out more volatile categories such as fresh food and energy, rose 0.9% over the previous month, which followed the 1.7% increase seen in March. As a result, annual core inflation jumped from 0.7% in March to 1.0% in April.