Latest reading: Inflation edged down to 4.8% in June from 5.1% in May, marking the lowest inflation rate since October...
Inflation in Croatia
Harmonized consumer price inflation averaged 2.6% in the ten years to 2024. The 2024 average figure was 4.0%. For more inflation information, visit our dedicated page.
Croatia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Croatia from 2024 to 2022.
Source: Macrobond.
Croatia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.0 | 2.7 | 10.7 | 8.4 | 4.0 |
| Inflation (CPI, ann. var. %, eop) | -0.7 | 5.5 | 13.1 | 4.5 | 3.5 |
| Inflation (CPI, ann. var. %, aop) | 0.2 | 2.6 | 10.8 | 7.9 | 3.0 |
| Inflation (HICP, ann. var. %, eop) | -0.3 | 5.2 | 12.7 | 5.4 | 4.5 |
| Inflation (PPI, ann. var. %, aop) | -2.0 | 9.6 | 26.4 | 5.9 | -3.7 |
Harmonized inflation increases in May
Latest reading: Harmonized inflation inched up to 4.3% in May, slightly above April’s 4.0%. Looking at the details of the release, prices for food and non-alcoholic beverages plus hospitality rose at a quicker pace in May. In contrast, price pressures for housing and transportation were broadly in line with the previous month's reading. The trend was unchanged, with annual average harmonized inflation coming in at April's 3.9% in May. Meanwhile, consumer price inflation rose to 3.5% in May from April’s 3.2%. Lastly, harmonized consumer prices rose 0.54% over the previous month in May, which was below the 0.72% increase logged in April.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Croatian inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Croatian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Croatian inflation projections.
Want to get access to the full dataset of Croatian inflation forecasts? Send an email to info@focus-economics.com.
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