Croatia Inflation January 2020


Croatia: Inflation climbs to near year-and-a-half high in January

February 21, 2020

Consumer prices dropped 0.3% over the previous month in January, following December’s 0.1% dip. January’s decrease was largely driven by falling prices for clothing and footwear—due to seasonal discounts—as well as for housing and utilities.

Inflation climbed to 2.0% in January, from 1.4% in December, thus marking the highest reading since August 2018. Meanwhile, annual average inflation came in at 0.9%, an uptick from December’s 0.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2020, which is unchanged from last month’s forecast. In 2021, the panel expects inflation to average 1.7%.

Author:, Economist

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Croatia Inflation Chart

Croatia Inflation January 20 20

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

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