Croatia Inflation December 2021

Croatia

Croatia: Inflation comes in at highest level since October 2008 in December

January 17, 2022

Consumer prices were flat from the previous month in December, after the 0.75% increase recorded in November. December's result marked the weakest reading since June. December’s result largely reflected falling prices for housing and utilities as well as for clothing and footwear. Meanwhile, prices pressures for transportation rose over the previous month.

Inflation came in at 5.5% in December, which was up from November’s 4.8%. December's figure marked the highest inflation rate since October 2008. Annual average inflation rose to 2.4% in December (November: 1.7%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2022, which is up 0.3 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 1.9%.


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Croatia Inflation December 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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