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.

Related Articles

Croatian parliament sets up commission of inquiry for Agrokor

The Croatian parliament approved on October 11 the setting up of an inquiry commission that will look into alleged wrongdoings at Croatian food and retail giant Agrokor, according to press reports. ... more

Key companies in Croatia’s Agrokor group post €439.7mn losses for 2016

The net loss of the main companies in Croatia’s troubled Agrokor group amounted to HRK3.3bn (€439.7mn) last year, an audit report quoted by Total ... more

Serbia’s CAR:GO to take on Uber in Croatia

Serbian startup CAR:GO, a so called ‘domestic response to Uber’, has launched in Croatia’s capital Zagreb aiming to propose cheaper rides than Uber, director and founder of CAR:GO Vuk Guberinic ... more