Macroeconomic Forecast Croatia

May 2008 | Macroeconomic Forecasts

BMI View: Real wage growth continues to be moderate on an historical basis, coming in at 1.5% y-o-y in February. This was down from 4.3% y-o-y in the same month last year. Amid still high import prices for both food and commodities, this will help to mitigate demand-led inflationary drivers over the coming months. Indeed, with consumer price inflation at 5.7% y-o-y and producer price inflation at 7.6% y-o-y in March, any help to keep down price pressures is welcome news. We forecast that CPI will ease to 3.8% y-o-y by December, but the annual average figure to remain significantly

If you would like to subscribe to South East Europe Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to South East Europe Monitor please click on the trial link below.