Croatia’s annual inflation rate rose for the fourth consecutive month to 3.8 percent in October of 2021, from 3.3 percent in the previous month. It was the highest rate since February of 2013, underpinned by prices of transport (12.2 percent vs 10.8 percent in September), primarily fuels & lubricants (24.9 percent) and passenger transport by air (14.7 percent). Additional upward pressure came from costs of food & non-alcoholic beverages (3.6 percent vs 2.9 percent); housing & utilities (3 percent vs 2.4 percent); alcoholic beverages & tobacco (5.8 percent vs 5.6 percent); and restaurants & hotels (3.8 percent vs 4.3 percent). On a monthly basis, consumer prices went up 1 percent, the same pace as the previous month. source: Croatian Bureau of Statistics
Inflation Rate in Croatia averaged 2.11 percent from 1999 until 2021, 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. This page provides the latest reported value for - Croatia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Croatia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Inflation Rate in Croatia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Croatia Inflation Rate is projected to trend around 1.70 percent in 2022 and 1.60 percent in 2023, according to our econometric models.