Croatia Inflation September 2022

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Croatia: Inflation comes in at highest level since our records began

October 14, 2022

Inflation increased to 12.8% in September, above August’s 12.3%. September's result represented the highest inflation rate since our current records began in 1998. Looking at the details of the release, housing and utilities prices rose at a quicker pace in September compared to the previous month, while price pressures for transportation remained weak.

Accordingly, annual average inflation rose to 8.6% in September (August: 7.8%). Meanwhile, harmonized inflation was steady, coming in at August's 12.6% in September.

Lastly, consumer prices increased 1.44% in September over the previous month, after August's 0.17% rise. September's jump was the highest since April.

FocusEconomics Consensus Forecast panelists expect inflation to average 10.2% in 2022, which is up 0.6 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 6.0%.


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Croatia Inflation September 2022

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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