Croatia Inflation August 2022

Croatia

Croatia: Inflation remains stable in August

September 16, 2022

Inflation came in at 12.3% in August, matching July’s result. Prices for food rose at a softer pace. In addition, price pressures for transportation declined at a faster rate.

The trend pointed up, with annual average inflation coming in at 7.8% in August (July: 7.1%). Meanwhile, harmonized inflation edged down to 12.6% in August, from the previous month's 12.7%.

Lastly, consumer prices rose 0.17% in August over the previous month, slowing down from the 0.43% increase seen in July. August's result marked the weakest reading since December 2021.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.6% in 2022, which is up 0.4 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 4.8%.


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Croatia Inflation August 2022 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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