Croatia: Inflation edges down in October
November 14, 2012
In October, consumer prices rose 0.5% over the previous month, which was less than the 1.4% increase observed in September. According to the Croatian Bureau of Statistics (CBS), the increase mainly reflected higher prices for clothing and footwear. Despite the monthly rise, annual headline inflation eased from 5.0% in September to 4.8% in October. Meanwhile, the core consumer price index, which smoothes out more volatile categories such as fresh food and energy, increased 1.1% over the previous month, which was above the 1.0% rise seen in September. As a result, annual core inflation picked up from 1.5% in September to 1.7% in October.