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 2013 to 2022.
Source: Central Bureau of Statistics Croatia.
Croatia Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.6 | 0.8 | 0.0 | 2.7 | 10.7 |
| Inflation (CPI, ann. var. %, eop) | 0.9 | 1.4 | -0.7 | 5.5 | 13.1 |
| Inflation (CPI, ann. var. %, aop) | 1.5 | 0.8 | 0.2 | 2.6 | 10.8 |
| Inflation (HICP, ann. var. %, eop) | 1.0 | 1.3 | -0.3 | 5.2 | 12.7 |
| Inflation (PPI, ann. var. %, aop) | 0.0 | 0.7 | -2.6 | 5.2 | 26.3 |
Harmonized inflation drops to lowest level since February 2022 in October
Harmonized inflation fell to 6.7% in October, following September’s 7.4% reading. October's result marked the lowest inflation rate since February 2022. Looking at the details of the release, prices for food and non-alcoholic beverages and prices for transportation rose at softer rates in October. Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 9.6% in October (September: 10.1%). Meanwhile, consumer price inflation fell to 5.8% in October, from September’s 6.7%. Finally, harmonized consumer prices increased 0.29% over the previous month in October, swinging from the 0.65% drop recorded in September.
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 13 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.