Inflation in Croatia

Croatia Inflation | Economic News & Forecasts

Croatia - Inflation

Inflation comes in at highest level since October 2008 in December

Consumer prices were flat from the previous month in December, after the 0.75% increase recorded in November. December's result marked the weakest reading since June. December’s result largely reflected falling prices for housing and utilities as well as for clothing and footwear. Meanwhile, prices pressures for transportation rose over the previous month.

Inflation came in at 5.5% in December, which was up from November’s 4.8%. December's figure marked the highest inflation rate since October 2008. Annual average inflation rose to 2.4% in December (November: 1.7%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2022, which is up 0.3 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 1.9%.

Croatia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.5  -1.1  1.1  1.5  0.8  

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Croatia Inflation Chart

Croatia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bureau of Statistics and FocusEconomics calculations.

Croatia Facts

Value Change Date
Bond Yield0.670.0 %Dec 31
Exchange Rate6.64-0.54 %Jan 01

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