The annual inflation rate in Croatia edged down to 0.7 percent in April 2019 from 0.9 percent in the prior month, as prices fell faster for food & non-alcoholic beverages (-1.7 percent vs -0.8 percent in March) and clothing & footwear (-3 percent vs -2.2 percent). Also, inflation slowed for furnishings (1.0 percent vs 1.1 percent) and recreation & culture (1.1 percent vs 1.4 percent). In contrast, cost continued to rise for housing & utilities (3.9 percent vs 2.8 percent); transport (2.8 percent vs 2.7 percent); miscellaneous goods & services (1.4 percent vs 0.2 percent) and restaurants & hotels (3.2 percent vs 2.7 percent). On a monthly basis, consumer prices went up 0.6 percent, easing from a 1 percent rise in March. Inflation Rate in Croatia averaged 2.25 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 1.10 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 1.60 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.