Croatia Inflation August 2020


Croatia: Consumer prices fall for the fifth-consecutive month in annual terms in August

September 16, 2020

Consumer prices dropped 0.10% over the previous month in August, a weaker decline than July’s 0.49% drop. August’s softer drop was largely driven by a more moderate decline in prices for clothing and footwear compared to the previous month, while prices for food and non-alcoholic beverages rebounded.

Consumer prices ticked down 0.1% on an annual basis in August, following July’s 0.3% decrease and falling for the fifth consecutive month. Similarly, annual average inflation edged down to 0.5% in August (July: 0.6%).

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


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Croatia Inflation Chart

Croatia Inflation August 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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