Croatia's annual inflation slows in June

Croatia's annual inflation slows in June tanatat/Shutterstock.com

ZAGREB (Croatia), July 17 (SeeNews) - Croatia's inflation slowed to 0.7% year-on-year in June from 1.1% a month earlier, the country's statistical office said on Monday.

Month-on-month, Croatia's consumer price index (CPI) dropped 0.5% in June, after edging down 0.2% in May, the Bureau of Statistics said.

Food prices, which have the biggest weight of 27.64% in the consumer basket, climbed up 2.3% on the year last month, after rising 2.6% in May. 

Annual deflation in the housing and utilities segment, with a 16.58% weight, widened to 3.4% from 2.8% in May, while the transport segment, which has 12.48% weight, recorded an inflation rate of 0.6% in June, compared to a rise in prices of 2.6% year-on-year in the previous month.

The month-on-month price decrease in June was mostly due to a drop of 4.7% in the prices of clothing and footwear. The prices of food and non-alcoholic beverages dropped by 1.0%, while prices of transport edged down 0.4%.

In 2016, Croatia's consumer prices fell by an annual average of 1.1% after a 0.5% contraction in 2015.

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