New data Inflation Rate YoY (Nov)
11/29/2024
actual 2.8, previous 2.2
This event is the release of the Inflation Rate Year-over-Year (YoY) for Croatia in November 2024. The actual inflation rate reported is 2.8%, which is higher than the previous rate of 2.2%. The estimate was 2.5%, so the actual inflation rate exceeded expectations by 0.3%.The impact of this event is considered low, as the change in the inflation rate is relatively small. Inflation rate is an important economic indicator as it measures the rate at which the prices of goods and services are increasing in an economy. A higher inflation rate can indicate potential economic overheating, while a lower rate may signal economic slowdown.
In this case, the higher than expected inflation rate of 2.8% could potentially have implications for monetary policy decisions in Croatia, as central banks often use inflation data to adjust interest rates in order to control inflation and support economic stability.
This is not investment advice. Remember to verify the information provided here.
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