Inflation stabilizes in September

Latest reading: Harmonized consumer prices were up 4.6% on a year-on-year basis in September, unchanged from the previous month's reading. Relative to the previous month's data, there were higher price pressures for transportation (-0.5% in annual terms vs -0.8% in August), housing and utilities (+10.0% vs +9.3% in August) and restaurants and hotels (+8.3% vs +7.9% in August). In contrast, there were milder price pressures for food and non-alcoholic beverages (+5.7% vs +6.5% in August) and recreation (+3.5% vs +4.1% in August). Meanwhile, consumer prices rose 4.2% in September, unchanged from the prior month's reading. Finally, harmonized consumer prices declined 0.58% in September on a month-on-month basis, following a 0.21% increase in the previous month.

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 12 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.