Croatia Consumer Price Index Slips In June

Croatia consumer price index (CPI) slipped 0.5 percent in June on a month-on-month term, according to an official press statement. However, on a year-on-year basis, Croatia consumer price index expanded 0.7 percent.

Within the consumer price indices, goods price dropped 1.0 percent whereas services prices expanded 1.0 percent on average.

On the annual average rate, consumer price index advanced 0.2 percent in the same period.

Clothing and footwear prices dropped the biggest drop of 4.7 percent in June from May while food and non-alcoholic beverages price fell 1.0 percent. Similarly, prices of transport and furnishings, household equipment besides routine household maintenance recorded a fall of 0.4 percent and 0.2 percent respectively.

The press release added, “On average, the decrease in the consumer price indices in June 2017, as compared to May 2017, was alleviated by an increase of 2.6% in the prices of Restaurants and hotels, of 1.4% in the prices of Communication and of 0.2% in the prices of Alcoholic beverages and tobacco.”

On the other hand, prices of housing, water, electricity, gas and other fuels remained on average in June compared to May. Similar was the situation in respect of recreation and culture, education and the prices of miscellaneous goods and services.

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