Croatia Inflation Rises To 5-month High
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7 Articles
Croatia Inflation Rises To 5-month High
Consumer price inflation in Croatia accelerated further in October to the highest level in five months. The consumer price index climbed 4.9 percent year-on-year in October, faster than the 4.7 percent rise in September. The acceleration in inflation was mainly driven by a 20.7 percent jump in energy costs. Services costs were 7.5 percent more expensive.
ANNUAL inflation in Croatia accelerated to 4.9 percent in October due to a jump in energy prices, continuing growth for the third month in a row.
The inflation rate in Croatia measured by the consumer price index in October was 4.9 percent year-on-year, according to the CBS, which accelerated the overall price growth on an annual basis for the third month in a row, while Eurostat data show that [...] The publication Inflation in October accelerated to 4.9 percent appeared first on the New Gazette.
Overall inflation in Croatia, measured by the Harmonized Index of Consumer Prices (HIPC), accelerated to 4.4 percent in October from 4.3 percent in September, due to accelerating food and, to a lesser extent, energy price inflation, while core inflation slowed from 3.3 to 3.2 percent, the Croatian National Bank commented on Wednesday.
According to him, energy products are currently the most dominant component of inflation, while there are no significant inflationary trends in other product groups.
Energy and services continue to increase in price, and a comparison with other European countries reveals interesting differences. Croatia is above the eurozone average, but eight members record even higher inflation rates.
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