Croatia: Inflation increases in May
June 15, 2011
In May, consumer prices added 0.33% over the previous month, which was above the 0.25% increase recorded in April. According to the Central Bureau of Statistics (Crostat), the monthly rise mainly reflected higher prices for clothing and footwear (+2.0% month-on-month) as well as for food and non-alcoholic beverages (+0.8% mom), which were partially offset by lower prices for communications (-2.6% mom), health (-0.5% mom) and transport (-0.5% mom). Owing to the stronger price increase in May, annual headline inflation inched up from 2.4% in April to 2.5%. Meanwhile, annual core inflation, which strips out more volatile categories such as food and energy, remained subdued, falling from 0.8% in April to 0.6% in May.