Croatia Inflation February 2021

Croatia

Croatia: Inflation returns in February

March 16, 2021

Consumer prices increased 0.29% from the previous month in February, picking up from January's 0.10% rise. February's result marked the sharpest increase in prices since October 2020. February’s upturn was largely driven by higher prices for health, communication and recreation and culture.

Inflation accelerated to 0.3% in February, swinging from January’s 0.3% year-on-year drop in consumer prices. Meanwhile, the trend pointed down slightly, with coming in at minus 0.1% in February, after flatlining in January.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2021, which is unchanged from last month’s forecast. In 2022, the panel sees inflation averaging 1.6%.


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Croatia Inflation February 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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