Croatia Inflation November 2021

Croatia

Croatia: Inflation comes in at highest level since February 2013 in November

December 17, 2021

Consumer prices increased 0.75% in November over the previous month, below October's 0.94% increase. November's result marked the weakest reading since August. November’s softer rise was largely owed to a weaker increase in prices for clothing and footwear as well as softer price pressures for transportation.

Meanwhile, inflation rose to 4.8% in November, following October’s 3.8%. November's figure was the highest inflation rate since February 2013. Accordingly, annual average inflation rose to 1.7% in November (October: 1.2%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2022, which is up 0.2 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 1.8%.


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Croatia Inflation November 2021

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Croatian Bureau of Statistics (CBS) and FocusEconomics calculations.


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