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Croatia's annual inflation slows to 1.1% in January

Croatia's annual inflation slows to 1.1% in January Inflation

ZAGREB (Croatia), February 23 (SeeNews) - Croatia's annual inflation slowed to 1.1% in January from 1.2% in the previous month, the country's statistical office said on Friday.

On a monthly comparison basis, Croatia's consumer price index (CPI) dropped 0.2% in January, after falling 0.3% in December, the Bureau of Statistics said.

Food and non-alcoholic beverage prices, which have the biggest weight of 27.90% in the consumer basket, climbed 1.0% on the year last month, after rising 2.2% in December.

The prices of housing, water, electricity, gas and other fuels, with a 16.22% weight, increased 2.6% year-on-year in January after falling by 1.0% in December.

Transport segment, which has a 12.58% weight, recorded annual inflation of 0.4% in January, lower than 2.1% in the previous month.

Croatia's average annual inflation was 1.1% in 2017, compared to  deflation of 1.1% in 2016.

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