Croatia Inflation August 2021

Croatia

Croatia: Inflation hits over eight-year high in August

September 17, 2021

Consumer prices rose 0.19% over the previous month in August, unchanged from July's reading. The print largely reflected a marginally slower increase in prices for food and non-alcoholic beverages. Meanwhile prices for clothing and footwear slid at a softer rate over the previous month.

Inflation came in at 3.1% in August, up from July’s 2.8%. August's result marked the highest inflation rate since April 2013. Accordingly, the trend pointed up mildly, with annual average inflation coming in at 1.0% in August (July: 0.8%).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.8% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 1.7%, which is unchanged from last month’s estimate.


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Croatia Inflation August 2021 0

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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