Inflation in Croatia

Croatia Inflation (eop) | Economic News & Forecasts

Croatia - Inflation (end of period)

Inflation comes in at highest level since our records began

Inflation came in at 13.3% in October, up from September’s 12.8%. October's result was the highest inflation rate since our current records began. Looking at the details of the release, prices for food increased at a quicker pace in October and prices for transportation rebounded. Meanwhile, housing and utilities prices were largely stable. In contrast, prices for clothing and footwear grew at a more subdued pace.

The trend pointed up, with annual average inflation coming in at 9.4% in October (September: 8.6%). Meanwhile, harmonized inflation ticked up to 12.7% in October, from September’s 12.6%.

Finally, consumer prices rose 1.34% from the previous month in October, moderating from the 1.44% increase seen in September.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.3% in 2023, which is up 0.3 percentage points from last month’s forecast. In 2024, the panel sees inflation averaging 2.7%.

Croatia - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)-0.6  0.2  1.2  0.8  1.4  

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Croatia Inflation (eop) 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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