Consumer price index in the Republic of Croatia for the period from January 1 2015 to December 31 2015

This paper analyzes the Consumer Price Index (CPI) in the Republic of Croatia for the period from January 1 2015 to December 31 2015. CPI reflects changes in the prices of goods and services in the acquired, used or paid over time by a reference population (private households) for consumption purposes. CPI in the Republic of Croatia is calculated on the basis of a representative basket (consisting of over 917 products) every month, and around 36 700 prices of a fixed panel of outlets in nine geographical locations are collected. CPI is the official measure of inflation in the Republic of Croatia, and it makes the target variable of the monetary policy of the Croatian National Bank. The purpose of this paper is to provide an overview of the CPI in the period of the past 10 years, and an analysis for 2015. The work also compares the harmonized consumer price index in the Republic of Croatia with the harmonized consumer price index of selected EU countries.