The inflation rate in Croatia, measured by the consumer price index, slowed to 7.9 percent year-on-year in May this year, as reported on Thursday by the Croatian Bureau of Statistics, marking the sixth consecutive month of slowing inflation and the lowest inflation rate since March last year.
The CBS published the first estimate of the consumer price index, according to which the inflation rate in May was 7.9 percent compared to May 2022, while it was 0.5 percent compared to the previous month.
The annual inflation rate has thus decreased for the sixth consecutive time, after reaching a record 13.5 percent in November last year. In December, the growth slowed to 13.1 percent, in January inflation was 12.7 percent, in February 12 percent, in March 10.7 percent, and in April 8.9 percent.
When observed by the main components of the index, the estimated annual rate of change for the group including food, beverages, and tobacco is 13.5 percent, for industrial non-food products excluding energy 8.5 percent, and for services eight percent. At the same time, according to the first estimate, energy prices fell by 3.1 percent.
On a monthly basis, i.e., compared to April this year, the growth rate was estimated for the group of food, beverages, and tobacco at 1.4 percent, as well as for industrial non-food products excluding energy and services, each component by 0.7 percent. At the same time, according to the first estimate, the decline in the rate was estimated for energy at two percent.
The CBS announced that final data on the consumer price index for May will be published on June 16 this year.
