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Compliance Monitoring and Reporting in Croatia: A Positive Trend Continues

The European Commission’s Directorate C has released a follow-up report on Croatia’s Harmonized Index of Consumer Prices (HICP) compliance monitoring, revealing significant progress made by the National Statistical Institute (NSI). The report, published in August 2018, highlights several recommendations and actions taken by Croatia to improve the quality and reliability of its HICP data.

Progress Made

According to the report, Croatia has successfully implemented measures to:

• Verify assumptions about price changes in rural areas compared to urban areas
• Collect airfares ahead of traveling
• Define consumption segments for various product groups, including:
  • Clothing
  • Footwear
  • Pharmaceutical products
  • Accommodation services
  • Restaurants

Additional Improvements

Croatia has also developed and implemented the consumer profile method for:

• Wireless telephone services
• Internet access

Additionally, elementary aggregates containing multiple products have been reviewed to ensure they consist of homogeneous and similarly priced items.

Quality Improvement

The report notes that Croatia has taken steps to improve the quality of its HICP data by:

• Implementing electronic devices for price collection
• Initiating work on web scraping techniques and scanner data

Eurostat’s Assessment

Eurostat, the European Commission’s statistical office, welcomes Croatia’s progress in improving the relevance and reliability of its HICP data. The organization encourages the country to continue implementing measures to further improve the quality of its statistics.

Conclusion

Overall, the report suggests that Croatia is on the right track in terms of compliance monitoring and reporting, and it is expected to continue making positive strides in this area.