Croatia: Inflation heats up to four-year high
October 16, 2012
In September, consumer prices rose 1.4% over the previous month, which was well above the 0.5% increase observed in August. According to the Croatian Bureau of Statistics (CBS), the increase mainly reflected higher prices for clothing and footwear as well as for transport As a result of the strong monthly rise, annual headline inflation jumped from 4.0% in August to 5.0% in September, reaching the highest level since October 2008. The core consumer price index, which smoothes out more volatile categories such as fresh food and energy, increased 1.0% over the previous month, which contrasted the 0.3% drop seen in August. As a result, annual core inflation picked up from 1.0% in August to 1.5% in September.