Wednesday, 16 March 2022

February Inflation Of 6.3% Highest Since August 2008

ZAGREB, 16 March 2022 - In February 2022, compared to February 2021, the prices of goods and services for personal consumption increased by 6.3%, the most since August 2008, when annual inflation was 7.1%, the Croatian Bureau of Statistics said on Wednesday.

In February 2022 inflation continued to increase. In January 2022 it went up by 5.7% on the annual level, in December 2021 by 5.5%, in November by 4.8%, in October by 3.8%, and in September by 3.3%. The first major inflation increase last year was recorded in April (+2.1%).

In February 2022, compared to January 2022, the prices of goods and services for personal consumption, measured by the consumer price index, increased by 0.9% on average, while on the annual average they increased by 3.6%.

At the annual level, the highest increase on average in consumer prices was recorded in Transport, of 10.7%, Food and non-alcoholic beverages, of 10%, Furnishings, household equipment and routine household maintenance, of 6.5%, Alcoholic beverages and tobacco, of 6.4%, Restaurants and hotels, of 6.2%, Recreation and culture, of 4%, Clothing and footwear, of 3.5%, Miscellaneous goods and services, of 3.4%, and Housing, water, electricity, gas and other fuels, of 3.3%.

The largest contribution to the growth rate of the annual index came from Food and non-alcoholic beverages (+2.59 percentage points), Transport (+1.57 percentage points), Housing, water, electricity, gas and other fuels (+0.56 percentage points).

At the monthly level, the highest increase on average in consumer prices was recorded in Clothing and footwear, of 3%, Furnishings, household equipment and routine household maintenance, of 1.9%, Transport, of 1.6%, Recreation and culture, of 1.5%, Restaurants and hotels, of 1.3%, Housing, water, electricity, gas and other fuels, of 0.5%, and Food and non-alcoholic beverages, of 0.4%.

 

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Friday, 12 March 2021

Croatia's February Industrial Consumer Prices Down 0.8% Year-Over-Year

ZAGREB, 12 March, 2021 - Croatia's industrial producer prices fell by 0.8% in February 2021 compared with the same month in 2020, while increasing by 1.4% from January 2021, according to the data from the National Bureau of Statistics (DZS).

The annual downward trend has been present since March 2020 when industrial producer prices dropped by 2.7% compared with March 2019. The 0.8% decrease in February 2021 is the lowest in the last 11 months, while the highest annual decline was recorded in May 2020, of 6.6%.

In February 2021, compared with January 2021, industrial producer prices rose by 1.3% on foreign markets, while compared with February 2020 they declined by 2.1%. On the domestic market, they increased by 1.4% compared with January 2021 and by 0.2% compared with February 2020.

Month on month, prices of energy grew the most, by 5.1%, followed by intermediate goods (+0.7%), capital goods (+0.2%), non-durable consumer goods (+0.1%) and durable consumer goods (+0.1%).

Year on year, industrial producer prices rose by 1.2% for capital goods, by 1.1% for intermediate goods and by 0.4% for durable consumer goods, while decreasing by 4.9% for energy and by 0.3% for non-durable consumer goods.

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Tuesday, 16 June 2020

Consumer Prices Drop 0.6% in May

ZAGREB, June 16, 2020 - In May 2020, consumer prices decreased 0.6% on the year, falling for the second consecutive month, the national statistical office said on Tuesday.

In April 2020, consumer prices decreased by 0.2% in the year, which was their first annual decrease since the end of 2016.

The annual decrease in May was primarily due to transport prices, which account for over 15% of the consumer basket. 

Prices of housing, water, electricity, gas, and other fuels decreased annually by 1.9%.

On the other hand, prices of alcoholic beverages and tobacco recorded the highest annual increase, by 4.3%, followed by prices of food and non-alcoholic beverages (+2.5%).

In May 2020, as compared to April 2020, consumer prices increased by 0.1%.

The highest increases were recorded in prices of clothing and footwear, by 1.3%, and prices of recreation and culture, by 0.7%, while the largest decrease was recorded in prices of restaurants and hotels, by 0.9%.

Thanks to inflationary pressures at the beginning of the year, consumer prices in the January-May period were 0.7% higher on average year on year.

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