Latest reading: Inflation fell for the ninth month running in July and hit a just-over eight-year low of 1.6%, down...
Inflation in Croatia
Harmonized consumer price inflation averaged 2.6% in the ten years to 2024. The 2024 average figure was 4.0%. For more inflation information, visit our dedicated page.
Croatia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Croatia from 2024 to 2022.
Source: Macrobond.
Croatia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.0 | 2.7 | 10.7 | 8.4 | 4.0 |
| Inflation (CPI, ann. var. %, eop) | -0.7 | 5.5 | 13.1 | 4.5 | 3.5 |
| Inflation (CPI, ann. var. %, aop) | 0.2 | 2.6 | 10.8 | 7.9 | 3.0 |
| Inflation (HICP, ann. var. %, eop) | -0.3 | 5.2 | 12.7 | 5.4 | 4.5 |
| Inflation (PPI, ann. var. %, aop) | -2.0 | 9.6 | 26.4 | 5.9 | -3.7 |
Harmonized inflation increases in June
Latest reading: Harmonized inflation edged up to 4.4% in June, following May’s 4.3%. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a faster pace in June, while prices for transportation flatlined after falling for three consecutive months. Meanwhile, housing and utilities prices rose at a softer rate. The trend pointed up mildly, with annual average harmonized inflation coming in at 4.0% in June (May: 3.9%). Meanwhile, consumer price inflation ticked up to 3.6% in June from May’s 3.5%. Finally, harmonized consumer prices rose 0.81% from the previous month in June, accelerating from May's 0.54% rise. June's uptick was the highest reading since July 2024.
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 17 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
-
India: Inflation decelerates for ninth month in July -
Denmark: Inflation reaches near two-year high in July Latest reading: Inflation increased to 2.3% in July, following June’s 1.9%. July’s result marked the highest inflation rate since August... -
Guatemala: July sees inflation fall to joint-lowest level since December 2009 Latest reading: Inflation came in at 1.2% in July, down from June’s 1.8%. July’s result marked the joint-lowest inflation rate... -
Belarus: Inflation hits over two-year high in July Latest reading: Inflation ticked up to 7.4% in July from June’s 7.3%. July’s figure was the highest inflation rate since... -
Colombia: Inflation rises in July Latest reading: Inflation ticked up to 4.9% in July, above June’s 4.8%, exceeding market expectations and remaining above the Central... -
Mexico: Inflation declines to lowest level since December 2020 in July Latest reading: Inflation decelerated to 3.5% in July (June: 4.3%), returning to the Central Bank’s 2.0–4.0% target range. July’s figure... -
Costa Rica: Consumer prices register biggest fall since October 2024 in July Latest reading: Consumer prices fell 0.6% year-on-year in July, a steeper fall compared to June’s 0.2% year-on-year fall. July’s result...