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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CroatiaCroatia CPI climbed to 127.1 in February 2024
FMPMonthlyReleased March 2024
Croatia CPI climbed to 127.1 in February 2024, released March 2024, up 0.2 from January's 126.9 reading. The reading matched expectations. Over the past 3 months, CPI averaged 127.15, vs 127.97 in the prior 3-month window.
Latest Release
127.1
Actual
127.2
Consensus
126.9
Previous
Median Absolute Error
±0.1
across last 6 releases
Last Call
Mar 2024
Predicted: 127
Actual: 127.1
Error: -0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI (Croatia) was reported at 127.10 in March 2024. This missed the market consensus of 127.20 by 0.10. The reading rose from the previous value of 126.90.
WHY IT MATTERS
The trailing three releases averaged 127.13, down from the prior three at 127.97.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 6 releases, the Sigmacast model's median absolute error is 0.10.
Auto-generated from current model state · Refreshes on each release · Last update March 2024.
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CPI - HR
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About CPI — Croatia
DEFINITION
CPI, or Consumer Price Index, is a widely used economic indicator that measures the average change in prices of goods and services purchased by households. It is an important tool for assessing inflation and the overall cost of living for consumers. The CPI is calculated by tracking the prices of a basket of goods and services over time, providing valuable insights into the current state of the economy and its impact on consumers. This indicator is closely monitored by policymakers, businesses, and investors to make informed decisions about economic trends and financial strategies.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2024): actual 127.1, consensus 127.2. Prior reading (Jan 2024): 126.9. Before that (Dec 2023): 127.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.