Slowdown of Growth of CPI in June to 0.6% in Croatia

As the Croatian Bureau of Statistics published their report on CPI for June 2019, we are bringing you some key takes from it.

In June 2019, the prices of goods and services for personal consumption, measured by consumer price index, decreased by 0.3% MoM on average. At the annual level, they increased by 0.6% YoY, while on the annual average they increased by 1.1%.

CPI (2018 – June 2019)

When observing by main groups by purpose of consumption, in June 2019, the highest decrease was recorded in the prices of Clothing and footwear, which decreased by 4.1% MoM on average (seasonal discounts), in the prices of Transport, which decreased by 1.2% on average, in the prices of Furnishings, household equipment and routine household maintenance, which decreased by 0.9% on average, and in the prices of Alcoholic beverages and tobacco, which decreased by 0.1% on average.

The decrease in the consumer price indices in June 2019 was alleviated by an increase of 1.4% MoM on average in the prices of Restaurants and hotels, of 1.0% on average in the prices of Communication, of 0.5% on average in the prices of Recreation and culture and of 0.1% on average in the prices of Health.

At the same time, in June 2019, the prices of Food and non-alcoholic beverages as well as the prices of Housing, water, electricity, gas and other fuels remained on average at the May 2019 level.

Category : Flash News

Want to invest? Do not know how and where? Contact us and we will solve everything for you.