Consumer prices in Croatia fall 0.6% m/m in July 2013

By bne IntelliNews August 15, 2013

Croatia's CPI fell 0.6% m/m in July as the cost of food, apparel and footwear decreased, statistics office data showed. The CPI had fallen 0.3% in June.

The price of food products fell 1.8% m/m on the back of increased supply of fresh fruits and vegetables. Prices of clothes and footwear also dropped - by 9.6% m/m, pushed down by the seasonal discounts. The prices of alcoholic beverages and tobacco products had an upward effect on the monthly index as they rose by 6.0% m/m, due mainly to a hike in the price of tobacco.

Compared to July 2012, the CPI advanced 2.3% as food prices increased by 4.6% y/y, alcoholic beverages and tobacco - by 12.6% y/y and electricity, gas and other fuels - by 2.6% y/y. The prices of clothing and footwear, on the other hand, posted a 2.1% annual decrease in July.

In the 12 months through July, consumer prices in Croatia rose 3.8% y/y after posting a 3.9% increase in June.

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