Croatia’s inflation slows down to 7.7% y/y in June, flash estimate shows

Croatia’s inflation slows down to 7.7% y/y in June, flash estimate shows

/ bne IntelliNews

By bne IntelliNews July 1, 2023

Consumer price inflation in Croatia increased by 7.7% y/y in June, according to a flash estimate from the country’s statistics office released on June 30 (chart).

Inflation has been falling despite fears that Croatia’s switch to the euro would push up prices.

“This is the lowest annual inflation rate since March last year when it was 7.3% compared to March2021,” Croatia’s Deputy-Prime Minister Tomo Medved said in a statement on the government’s website.

Compared to May, the consumer price index (CPI) was up by 0.9%.

Prices of food, beverages and tobacco increased by 13.6% y/y, while non-food industrial goods excluding energy moved up 8.1% y/y. Services moved up 7.6% y/y, while energy prices decreased by 3.3% y/y.

Month on month, prices of food, beverages and tobacco moved up by 1.4%, while services ticked up by 1.2%. Prices of energy increased by 1.4% m/m. Prices of goods dropped 0.1% m/m in June.

#Croatia #bneChart #macro #inflation

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Central and Southeastern Europe defies German economic weakness

Europe needs Draghi’s reforms to boost growth, says IIF

Croatian president rejects Nato mission to support Ukraine, sparking new political crisis

Central and Southeastern Europe defies German economic weakness

Europe needs Draghi’s reforms to boost growth, says IIF

Croatian president rejects Nato mission to support Ukraine, sparking new political crisis

Data

Unemployment in Slovakia inches down to 3.83% in September

The unemployment level in Slovakia inched down to 3.83% in September. This is down by 0.04 percentage points month on month and by 0.15 pp year on year.

Hungarian National Bank takes a pause in easing cycle

Central bank leaves base rate unchanged at 6.50%, but most analysts expect a rate cut to 6.25% by the end of 2024.

Polish retail sales "collapse" in September, but analysts say strong fundamentals remain intact

Analysts point to weaker consumption linked to slowdown in nominal wage growth and rebound of inflation.

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Slovakia’s gross domestic product growth was revised to 3.3% in the first quarter (up from 2.7%) and to 2% in the second quarter (up from 1.9%) of this year.

Philippines achieves record $3.5bn surplus as economy rebounds

The Philippines has reported its largest dollar surplus in nearly four years, highlighting a remarkable recovery in its balance of payments.

Unemployment in Slovakia inches down to 3.83% in September

Hungarian National Bank takes a pause in easing cycle

Polish retail sales "collapse" in September, but analysts say strong fundamentals remain intact

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Philippines achieves record $3.5bn surplus as economy rebounds

Dismiss

Chat with usLiveChat