Croatia’s Inflation Slows to 5.2% in May on Energy Price Decline

INVESTING.COMJun 2, 11:03 AM UTC
Croatia’s Inflation Slows to 5.2% in May on Energy Price Decline

Investing.com -- Croatia’s inflation rate decelerated to 5.2% year-over-year in May, down from 5.8% in April, according to the first estimate released Tuesday. The slowdown was driven by a 0.2% monthly deflation.

Energy prices remained the primary factor shaping the headline figure, declining 2% month-over-month from April levels. Service prices increased 0.4% on a monthly basis, while industrial goods prices fell 0.1% after seasonal movements in April. Food prices remained flat month-over-month in May.

On an annual basis, industrial prices maintained a deflationary trend at negative 0.7%. Energy prices rose 16.9% year-over-year, while service prices increased 7.9%. Food price inflation moderated to 2.3% year-over-year, marking the lowest level in more than 18 months.

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