Annual inflation rate in Croatia quickened to 1.4 percent in December 2019 from 0.7 percent in the previous month. This was the highest inflation rate since October 2018, driven by prices of food & non-alcoholic beverages (2.1 percent vs 0.4 percent in November); housing & utilities (2 percent vs 1.8 percent); transport (2.9 percent vs -0.9 percent) and miscellaneous goods & services (1.1 percent vs 0.9 percent). In contrast, cost fell mostly for recreation & culture (-0.7 percent vs -0.8 percent) and clothing & footwear (-1.8 percent vs 1.2 percent). On a monthly basis, consumer prices dropped 0.1 percent, the same pace as in the previous month. Inflation Rate in Croatia averaged 2.21 percent from 1999 until 2019, reaching an all time high of 8.43 percent in July of 2008 and a record low of -1.80 percent in May of 2016.

Inflation Rate in Croatia is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Croatia to stand at 1.10 in 12 months time. In the long-term, the Croatia Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.


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Croatia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 0.70 8.43 -1.80 1999 - 2019 percent Monthly
2010=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-16 09:00 AM Sep 0.8% 0.8% 1%
2019-11-15 10:00 AM Oct 0.6% 0.8% 0.7%
2019-12-16 10:00 AM Nov 0.7% 0.6% 1%
2020-01-16 10:00 AM Dec 1.4% 0.7% 1.3%
2020-02-21 10:00 AM Jan 1.4% 1.5%


News Stream
2019-12-16
Croatia Inflation Rate Edges Up to 0.7% in November
Annual inflation rate in Croatia increased to 0.7 percent in November 2019 from 0.6 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (0.4 percent vs 0.1 percent in October) and clothing & footwear (1.2 percent vs 1.1 percent). In contrast, cost slowed mostly for housing & utilities (1.8 percent vs 2.5 percent); miscellaneous goods & services (0.9 percent vs 1.2 percent) and restaurants & hotels (3 percent vs 3.2 percent). Also, prices fell for transport (-0.9 percent vs -2.6 percent) and recreation & culture (-0.8 percent, the same pace as in the previous month). On a monthly basis, consumer prices went down 0.1 percent, after increasing 0.4 percent in the prior month.

2019-11-15
Croatia Inflation Rate Lowest in 4 Months
Consumer prices in Croatia went up 0.6 percent year-on-year in October of 2019, following a 0.8 percent rise in each of the previous two months. It is the lowest inflation rate in four months amid a slowdown in cost of food & non-alcoholic beverages (0.1 percent vs 0.5 percent in September); housing & utilities (2.5 percent vs 3.2 percent) and clothing & footwear (1.1 percent vs 3.5 percent). Also, prices fell for transport (-2.6 percent vs -3.1 percent) and recreation & culture (-0.8 percent vs -0.7 percent). On the other hand, inflation went up for restaurants & hotels (3.2 percent vs 2.6 percent) and miscellaneous goods & services (1.2 percent vs 0.2 percent). On a monthly basis, consumer prices inched up 0.4 percent, after rising 0.8 percent in the previous month.

2019-10-16
Croatia September Inflation Rate Steady at 0.8%
Annual inflation rate in Croatia stood at 0.8 percent in September 2019, unchanged from the previous month. Prices slowed mainly for housing & utilities (3.2 percent vs 3.8 percent in August) and restaurants & hotels (2.6 percent vs 2.9 percent) while declined for transport (-3.1 percent vs -1.6 percent) and recreation & culture (-0.7 percent vs 2 percent). In contrast, cost advanced faster for food & non-alcoholic beverages (0.5 percent vs 0.3 percent) and it rebounded for miscellaneous goods & services (0.2 percent vs -0.6 percent) and clothing & footwear (3.5 percent v s-1.6 percent). On a monthly basis, consumer prices inched up 0.8 percent, after decreasing 0.3 percent in the preceding month.

2019-09-16
Croatia Annual Inflation Rate Eases to 0.8% in August
Annual inflation rate in Croatia fell to 0.8 percent in August 2019 from 1.1 percent in July. Prices slowed for housing & utilities (3.8 percent vs 3.9 percent in July); recreation & culture (2 percent vs 2.3 percent); alcoholic beverages & tobacco (4.7 percent vs 5 percent); furniture & household goods (0.1 percent vs 1 percent); and restaurant & hotels (2.9 percent vs 3.3 percent). Also, cost declined further for transport (-1.6 percent vs -1.1 percent); and miscellaneous goods & services (-0.6 percent vs -0.2 percent); and dropped for clothing & footwear (-1.6 percent vs 0.4 percent). Meanwhile, prices decreased less for communication (-0.1 percent vs -0.3 percent) and continued to fall for health (at -1.1 percent). In addition, inflation was steady for food & non-alcoholic beverages (at 0.3 percent) and prices of education advanced at a faster pace (1.2 percent vs 1.1 percent). On a monthly basis, consumer prices went down 0.3 percent, after a 0.5 percent fall in July.

2019-08-16
Croatia Inflation Rate Picks Up to 8-Month High of 1.1%
Annual inflation rate in Croatia rose to 1.1% in July of 2019 from 0.6% in the previous month. It was the highest inflation rate since November of 2018, as cost advanced further for recreation & culture (2.3% from 1.4% in June); alcoholic beverages & tobacco (5% from 4.9%); furniture & household goods (1% from 0.1%); restaurant & hotels (3.3% from 3.2%) and education (1.1% from 1%). In addition, prices rebounded for food & non-alcoholic beverages (0.3% from -0.3%) and clothing & footwear (0.4% from -2.1%). Meantime, inflation was steady for housing & utilities (at 3.9%) while cost fell for transport (-1.1% from -1.4%); miscellaneous goods & services (-0.2% from 0.1%); communication (-0.3% from -0.4%) and health (-1.1% from -1.2%). On a monthly basis, consumer prices went down 0.5%, following a 0.3% drop in June.

2019-07-16
Croatia Inflation Rate Eases to 4-Month Low of 0.6%
Annual inflation rate in Croatia went down to 0.6 percent in June 2019 from 0.9 percent in the previous month. It was the lowest inflation since February, as prices slowed for housing & utilities (3.9 percent vs 4.1 percent in May); miscellaneous goods & services (0.1 percent vs 0.4 percent); restaurants & hotels (3.2 percent vs 3.4 percent) and furniture & household equipment (0.1 percent vs 0.9 percent) while transport cost dropped (-1.4 percent vs 1.8 percent). On the other hand, prices declined less for food & non-alcoholic beverages (-0.3 percent vs -0.7 percent); clothing & footwear (-2.1 percent vs -2.2 percent) and communication (-0.4 percent vs -1.5 percent) while cost advanced faster for recreation & culture (1.4 percent vs 1.3 percent) and alcoholic beverages & tobacco (4.9 percent vs 4.6 percent). On a monthly basis, consumer prices fell 0.3 percent, after a 0.6 percent rise in May.


Croatia Inflation Rate
In Croatia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (27.9 percent of total weight) followed by Housing and Utilities (16.2 percent), Transport (12.6 percent), Miscellaneous Goods and Services(7.5 percent); Clothing and Footwear (6.5 percent) and Recreation and Culture (6 percent). Communication; Alcoholic Beverages and Tobacco; Furniture, Household Goods and Maintenance; Restaurant and Hotels; Health and Education account for the remaining 23.3 percent of total weight.

Croatia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 0.70 8.43 -1.80 percent [+]
Inflation Rate Mom -0.10 -0.10 1.62 -1.01 percent [+]
Consumer Price Index CPI 102.90 103.00 103.20 63.70 points [+]
Core Consumer Prices 103.70 104.20 104.30 71.30 points [+]
Core Inflation Rate 1.20 1.10 6.90 -1.80 percent [+]
Producer Prices 100.60 100.80 107.80 94.80 points [+]
Producer Prices Change 1.00 0.10 8.20 -6.40 percent [+]
Harmonised Consumer Prices 103.25 103.39 104.12 62.88 points [+]
Food Inflation 2.10 0.40 14.70 -4.30 percent [+]
Cpi Housing Utilities 100.60 100.50 101.10 45.20 points [+]
CPI Transportation 102.70 102.10 105.30 93.00 points [+]