Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Croatia
Harmonized consumer price inflation in the Euro Area averaged 1.9% in the ten years to 2022, closely in line with the regional average of 1.8%. The 2022 average figure was notably higher at 10.7%. For more inflation information, visit our dedicated page.
Croatia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Croatia from 2014 to 2022.
Source: Macrobond.
Croatia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.8 | 0.0 | 2.7 | 10.7 | 8.4 |
| Inflation (CPI, ann. var. %, eop) | 1.4 | -0.7 | 5.5 | 13.1 | 4.5 |
| Inflation (CPI, ann. var. %, aop) | 0.8 | 0.2 | 2.6 | 10.8 | 7.9 |
| Inflation (HICP, ann. var. %, eop) | 1.3 | -0.3 | 5.2 | 12.7 | 5.4 |
| Inflation (PPI, ann. var. %, aop) | -4.3 | -7.4 | 0.0 | 20.0 | 24.7 |
Harmonized inflation falls to lowest level since September 2021 in June
Harmonized inflation came in at 3.5% in June, which was down from May’s 4.3%. June's result represented the lowest inflation rate since September 2021. Looking at the details of the release, prices for food and non-alcoholic beverages, and for transportation increased at a softer pace in June. That said, housing and utilities price growth accelerated. Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 5.7% in June (May: 6.1%). Meanwhile, consumer price inflation fell to 2.5% in June from May’s 3.3%. Finally, harmonized consumer prices rose 0.78% in June over the previous month, picking up from the 0.19% rise logged in May.
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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