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Croatia Inflation March 2023

Croatia: Inflation recedes to near one-year low in March

Inflation dropped to 10.7% in March below February’s 11.9%. March’s figure marked the weakest inflation rate since April 2022. Looking at the details of the release, prices for transportation increased at a softer pace in March. Additionally, housing and utilities price growth moderated. These price developments more than offset prices for food and non-alcoholic beverages growing at a stronger rate.

The trend pointed up, with annual average inflation coming in at 12.1% in March (February: 11.8%). Meanwhile, harmonized inflation fell to 10.5% in March, from February’s 11.7%.

Lastly, consumer prices rose 0.90% in March over the previous month, picking up from February’s 0.16% increase.

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