As the Croatian Bureau of Statistics published their report on CPI for March 2020, we are bringing you some key takes from it.

In March 2020, the prices of goods and services for personal consumption measured by the CPI increased by 0.2% on average. As compared to March 2019, they increased by 0.6%, while on the annual average they increased by 1.0%.

CPI (2018 – March 2020)*

Source:  Croatian Bureau of Statistics, InterCapital Research

*Annual indices

YoY

When observing the main groups by purpose of consumption, compared to March 2019 the highest increase was recorded in the prices of Food and non-alcoholic beverages of 3.2%. Next come Restaurants and Hotels, with an increase of 2.8%. Health segment follows with an increase of 1.3% YoY.  On the flip side, Trasnport segment recorded a decrease of 3.7%, as a result of a drop in fuel prices.

CPI Sector Breakdown – March 2020 (%)

Source:  Croatian Bureau of Statistics, InterCapital Research

MoM

When observing the main groups by purpose of consumption, in March, the highest increase was recorded in the prices of Clothing and footwear, by 12.8% MoM on average, as a result of new collection of clothing and footwear. Next come the prices of Food and non-alcoholic beverages as well as in the prices of Communication, both of which increased by 0.4% on average. The prices of Furnishings, household equipment and routine household maintenance, recorded an increase of 0.3% on average, while the prices of Restaurants and hotels increased by 0.1% on average.

On the flip side, Transport segment witnessed a decrease of 3.1% on average in the prices on the back of lower prices of fuels for personal transport equipment. Next comes Education, which recorded a decrease of 1%, followed by Miscellaneous goods and services, which witnessed a decrease of 0.8%.