Croatia Inflation February 2022

Croatia

Croatia: Inflation comes in at highest level since September 2008 in February

March 30, 2022

Consumer prices increased 0.93% from the previous month in February, following the 0.28% increase logged in January. February's result marked the highest reading since October 2021. Looking at the details of the release, housing and utilities prices rose at a quicker pace in February compared to the previous month and price pressures for transportation picked up pace.

Inflation rose to 6.3% in February, following January’s 5.7%. February's figure marked the highest inflation rate since September 2008. The annual average variation of consumer prices rose to 3.6% in February (January: 3.1%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2022, which is up 0.3 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 1.9%.


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Croatia Inflation February 2022

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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