Croatia Inflation December 2020


Croatia: Consumer prices drop at fastest pace since September 2016 in annual terms in December

January 15, 2021

Consumer prices dropped 0.58% from the previous month in December, following November’s 0.29% drop and logging the sharpest fall in prices since January 2019. December’s result was chiefly driven by a sharper fall in prices for food and non-alcoholic beverages, and clothing and footwear.

Consumer prices slid 0.7% year-on-year in December, following November´s 0.2% decline, marking the sharpest drop since September 2016. Accordingly, annual average inflation ticked down to 0.2% in December (November: 0.3%).

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 Chart

Croatia Inflation December 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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