Recently Released Market Study: Croatia Food & Drink Report Q4 2012 Recently Released Market Study: Croatia Food & Drink Report Q4 2012
We see little scope for improvement in terms of Croatian consumer sentiment in the coming months, especially as the economy enters recession. Consumer price inflation is expected to hover at more than 3% in 2012, on the back of the March 2012 increase in VAT to 25%, even though additions have been made to the basket of goods taxed at lower rate, which now includes baby food and sugar.
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