Croatia: Inflation drops to lowest level since March 2022 in May
Inflation came in at 7.9% in May, which was down from April’s 8.8%. May’s result represented the lowest inflation rate since March 2022. The moderation was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, clothing, and housing and utilities. Moreover, prices for transportation fell at a faster pace.
Annual average inflation fell to 11.7% in May (April: 12.0%). Meanwhile, harmonized inflation fell to 8.3% in May, from April’s 8.9%.
Lastly, consumer prices increased 0.48% in May over the previous month, coming in below the 0.97% increase seen in April. May’s result marked the weakest reading since February.