Croatia Inflation November 2020

Croatia

Croatia: Consumer prices drop again in annual terms in November

December 16, 2020

Consumer prices dropped 0.29% from the previous month in November, contrasting October's 0.39% rise and marking the sharpest fall in prices since July. November’s result largely reflected falling prices for food and non-alcoholic beverages, clothing and footwear and transport.

Consumer prices slid 0.2% on an annual basis in November, from October’s 0.1% fall. Accordingly, the annual average inflation edged down to 0.3% in November (October: 0.4%).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.0% in 2021, which is unchanged from last month’s forecast. In 2022, the panel sees inflation averaging 1.5%.


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Croatia Inflation November 20 20

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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