Croatia Inflation July 2020


Croatia: Consumer prices fall again in annual terms in July

August 17, 2020

Consumer prices dropped 0.49% over the previous month in July, contrasting June's 0.10% rise. July’s result, which was largely explained by a steep decline in clothing and footwear prices, marked the sharpest fall in prices in a year.

Consumer prices fell 0.3% on an annual basis in July, following June’s 0.2% decrease. Annual average inflation edged down to 0.6% in July (June: 0.7%).

FocusEconomics Consensus Forecast panelists expect inflation to average 0.2% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel sees inflation averaging 1.0%.


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Croatia Inflation Chart

Croatia Inflation July 20 20 0

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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