Croatia's December Inflation Rate of 4.5% Confirmed
Shutterstock.com
Croatia's consumer prices rose by 4.5% on the year in December, following a 4.7% annual increase in November, the Croatian Bureau of Statistics (Crostat) said on Tuesday, confirming its first estimate announced on January 5.
It was the lowest figure since October 2021. Main downward pressures came from prices of alcoholic beverages & tobacco (4.5% vs 5.1% in November), clothing & footwear (5.7% vs 7.5%) and communication (2.2% vs 4.9%). Food inflation also continued to ease, reaching a nearly two-year low of 6.7% (vs 7.9%). On the other hand, inflation accelerated for transport (3% vs 0.3%) and restaurants & hotels (12.4% vs 12%), while prices rebounded for housing & utilities (0.1% vs -0.5%). On a monthly basis, consumer prices fell by 0.5% in December, following a 0.1% drop in the prior month.
Croatia's average annual inflation slowed down to 8.0% last year from 10.8% in 2022, data showed.
Measured by the EU-harmonized index of consumer price s (HICP), prices of goods and services for personal consumption in Croatia increased by an average 5.4% year-on-year in December, following a 5.5% increase in November. On a monthly basis, consumer prices edged down by an estimated 0.3% in December, after a decline of 0.4% in November.
Conditions for New Home Renovation Grant Softened
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
