Croatia Inflation October 2021

Croatia

Croatia: Inflation rises further in October

November 16, 2021

Consumer prices rose 0.94% in October over the previous month, coming in marginally below September's 0.95% rise which had marked a six-month high. The result largely reflected a continued albeit slower increase in prices for clothing and footwear, as well as higher prices for housing, and food and non-alcoholic beverages.

Inflation came in at 3.8% in October, up from September’s 3.3%. October's reading was the highest inflation rate since February 2013. As such, the trend continued to point up, with annual average inflation rising to 1.2% in October (September: 0.8%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2022, which is up 0.2 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 1.7%, which is down 0.1 percentage points from last month’s estimate.


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Croatia Inflation October 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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