Croatia Inflation May 2021


Croatia: Inflation holds steady in May

June 16, 2021

Consumer prices increased 0.19% from the previous month in May, moderating from the 0.68% increase recorded in April. May's downturn was largely driven by a softer increase in prices for housing and utilities. Meanwhile, prices for clothing and footwear tumbled over the previous month.

Inflation was stable at April's 2.1% in May, while the trend pointed up mildly, with annual average inflation coming in at 0.3% in May (April: 0.1%).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 1.6%.


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Croatia Inflation Chart

Croatia Inflation May 2021

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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