Luxembourg: Harmonized inflation remains stable in March
Harmonized inflation came in at 3.2% in March, matching February’s reading. The result was driven by moderating price pressures for...
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 2023.
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) | -4.9 | -4.3 | -7.4 | 0.0 | 25.8 |
Harmonized inflation falls in December
Harmonized inflation edged down to 5.4% in December, following November’s 5.5%. December's reading marked the lowest inflation rate since December 2021. The downtick was chiefly driven by smaller price increases for food and non-alcoholic beverages. On the flip side, price pressures for housing and transportation intensified. Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 8.4% in December (November: 9.0%). Meanwhile, consumer price inflation fell to 4.5% in December, from the previous month's 4.7%. Finally, harmonized consumer prices fell 0.30% in December over the previous month, a smaller decline than the 0.44% drop seen in November.
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 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.
Latest Global Inflation News
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