Consumer prices in Croatia decreased 0.3 percent from a year earlier in August of 2020, following a 0.2 percent fall in the previous month. It was the fourth consecutive month of deflation, led by prices of transport (-5.1 percent vs -6.2 percent in July), housing & utilities (-1.7 percent vs -1.6 percent) and recreation & culture (-0.2 percent vs -0.5 percent). Meantime, cost advanced faster for food & non-alcoholic beverages (1.5 percent vs 1 percent). On a monthly basis, consumer prices went down 0.1 percent, after dropping 0.5 percent in the previous month.
Inflation Rate in Croatia averaged 2.15 percent from 1999 until 2020, 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 October of 2020.
Inflation Rate in Croatia is expected to be 0.20 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 1.80 in 12 months time. In the long-term, the Croatia Inflation Rate is projected to trend around 1.10 percent in 2021 and 2.20 percent in 2022, according to our econometric models.