Inflation in Croatia
Croatia - Inflation
Consumer prices record largest fall in nearly four years in May
Consumer prices increased 0.10% over the last month in May, swinging from April's 0.20% drop. May’s upturn was primarily driven by higher prices for clothing and footwear.
Consumer prices declined 0.6% on an annual basis in May, a steeper drop compared to April’s 0.2% decrease. May's fall was the largest since September 2016. In addition, the trend pointed down with annual average inflation coming in at 0.8% in May (April: 0.9%).
FocusEconomics Consensus Forecast panelists expect inflation to average 0.3% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel expects inflation to average 1.1%.
Croatia - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | -0.5 | -1.1 | 1.1 | 1.5 | 0.8 |
Croatia Inflation Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
Croatia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.67 | 0.0 % | Dec 31 |
| Exchange Rate | 6.64 | -0.54 % | Jan 01 |
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Economic News
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Croatia: Industrial output drops at sharpest pace since mid-2009 in May
June 30, 2020
Industrial production plummeted 12.4% year-on-year in working-day adjusted terms in May (April: -11.0% yoy).
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Croatia: Consumer prices record largest fall in nearly four years in May
June 16, 2020
Consumer prices increased 0.10% over the last month in May, swinging from April's 0.20% drop.
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Croatia: Early parliamentary elections called for July unlikely to dent short-term economic outlook
June 8, 2020
On 18 May, Croatian lawmakers voted to dissolve Parliament, paving the way for general elections to be called for 5 July, several months before they were originally scheduled.
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Croatia: Industrial output falls at steepest rate in nearly eleven years in April
May 29, 2020
Industrial output collapsed 11.0% year-on-year in working-day adjusted terms in April (March: -4.9% year-on-year), marking the worst downturn since June 2009.
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Croatia: Economy grows at softest pace in over five years in Q1 on initial Covid-19 effect
May 29, 2020
Economic activity moderated in the first quarter on the initial impact from the Covid-19 pandemic, with GDP increasing just 0.4% on an annual basis (Q4 2019: +2.5% year-on-year), marking the worst reading since Q3 2014.
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