Croatia’s annual inflation seen at 12.7% in Jan

by Cristian Florescu

According to the statistical office, consumer prices in Croatia increased by 12.7% year-on-year in January and were flat month-on-month.

According to the Bureau of Statistics, prices for food, beverages and tobacco, energy, and industrial non-food products (excluding energy) increased by 15.4%, 13.8%, and 12.1%, respectively, on an annual basis in January. Prices for services also increased by 9.3%.

The Bureau of Labor Statistics will release the final CPI data for January on February 23. So far, it has not released the first estimates of CPI.

According to the statistical office, Croatia’s annual inflation rate eased to 13.1% in December, from 13.5% in November. On a monthly basis, CPI dipped by 0.3% in December, following an increase of 0.9% in November.

Boris Vujcic, Governor of the Central Bank of Croatia, has stated that Croatia’s annual inflation rate is likely to have peaked in December and that it is expected to fall further as food and energy prices have begun to decrease.

0 comment

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More