Croatia Inflation March 2020


Croatia: Inflation slumps in March on falling fuel prices

April 16, 2020

Consumer prices rose 0.2% over the previous month in March, contrasting February’s 0.3% decline. March’s increase was driven by soaring prices for clothing and footwear, which more than offset lower prices for utilities and transport—especially for fuels and lubricants for personal transport equipment.

Inflation fell to 0.6% in March, from 1.5% in February, marking the lowest reading since June 2018. Meanwhile, annual average inflation came in at 1.0%, matching February’s print.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2020, which is unchanged from last month’s forecast. In 2021, the panel expects inflation to average 1.7%.

Author: Massimo Bassetti, Economist

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Croatia Inflation Chart

Croatia Inflation March 20 20

Note: Year-on-year and month-on-month variation of consumer prices in %.
Source: Croatian Bureau of Statistics (CBS)

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