Croatia has lowest inflation rate in EU in April

Croatia has lowest inflation rate in EU in April

Croatia has lowest inflation rate in EU in April Izvor: Pixabay (ilustracija

In April this year Croatia had the lowest annual inflation rate in the EU, of less than half the EU average and euro area average, shows the latest report of the EU's statistical office Eurostat.

Croatia's annual inflation rate, measured by the Harmonised Index of Consumer Prices (HICP), dropped in April to 0.8% from 1.1% in March.

In April 2018, the inflation rate in Croatia was 1.4%.

Denmark and Portugal were the other two countries that saw an extremely low inflation rate, of 0.9%.

Inflation grew the most year-on-year in Romania (4.4%) and Hungary (3.9%).

Compared to the month before, the annual inflation rate dropped in six EU countries, stagnated in two and grew in 19, Eurostat said.

In the EU28, consumer prices grew in April by 1.9% on the year as against 1.6% in March.

The 19-strong euro area saw inflation pick up to 1.7% from 1.4% in March. In April last year, the euro area inflation rate was 1.2%.

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