Croatia Inflation January 2021


Croatia: Consumer prices drop again in annual terms in January

February 24, 2021

Consumer prices rose 0.10% over the previous month in January, contrasting the 0.58% fall logged in December. January’s upturn was chiefly driven by rebounding prices for food and non-alcoholic beverages.

Consumer prices slid 0.3% year-on-year in January, a smaller drop compared to December’s 0.7% decrease. Meanwhile, the annual average variation of consumer prices was flat in January (December: +0.2%).

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2021, which is down 0.1 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 1.6%.


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Croatia Inflation Chart

Croatia Inflation January 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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