Croatia Inflation May 2020


Croatia: Consumer prices record largest fall in nearly four years in May

June 16, 2020

Consumer prices increased 0.10% over the last month in May, swinging from April's 0.20% drop. May’s upturn was primarily driven by higher prices for clothing and footwear.

Consumer prices declined 0.6% on an annual basis in May, a steeper drop compared to April’s 0.2% decrease. May's fall was the largest since September 2016. In addition, the trend pointed down with annual average inflation coming in at 0.8% in May (April: 0.9%).

FocusEconomics Consensus Forecast panelists expect inflation to average 0.3% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel expects inflation to average 1.1%.

Author:, Economist

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Croatia Inflation Chart

Croatia Inflation April 20 20 1

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Croatian Bureau of Statistics (CBS).

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