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Croatian consumer prices stagnate in May y-o-y

Author: mses
ZAGREB, June 15 (Hina) - Prices of goods and services for personal consumption, measured by consumer price indices, remained unchanged this May compared to May 2014, the Croatian statistical office (DZS) reported on Monday.

This indicates that the deflationary pressure has started easing, given that consumer prices in April decreased 0.1% on the year.

In May 2015, consumer prices increased by 0.4% on average compared to April 2015.

The biggest decline in consumer prices year on year this May was registered in transport prices which dropped 4.1% on the back of a 5.9% plunge of fuel prices.

Prices of clothing and footwear decreased 0.4%, while prices of accommodation, water and energy weakened by 0.2%, according to the DZS.

On the other hand, prices of recreation and culture increased 4.2% in May compared to May 2014, and communications prices went up 2.3%. Prices of alcoholic beverages and tobacco increased 2%.

A majority of macroeconomic analysts polled by Hina expect the stagnation of consumer prices or a mild deflation in 2015.

(Hina) ms

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