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.

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Croatia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.30 8.43 -1.80 1999 - 2020 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-16 09:00 AM May -0.6% -0.2% -0.3%
2020-07-16 09:00 AM Jun -0.2% -0.6% -0.1%
2020-08-17 09:00 AM Jul -0.3% -0.2% 0.1%
2020-09-16 09:00 AM Aug -0.1% -0.3% -0.5%
2020-10-16 09:00 AM Sep -0.1% 0.2%
2020-11-17 10:00 AM Oct
2020-12-16 10:00 AM Nov


News Stream
Croatia Consumer Price Deflation Eases
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.
2020-09-16
Croatia Consumer Prices Fall for 4th Month
Consumer prices in Croatia decreased 0.3 percent from a year earlier in July 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 June), housing & utilities (-1.6 percent, the same pace as in June) and recreation & culture (-0.5 percent vs -0.4 percent). Also, inflation slowed further for food & non-alcoholic beverages (1 percent vs 2 percent). On a monthly basis, consumer prices went down 0.5 percent, after rising 0.1 percent in the previous month.
2020-08-17
Croatia Consumer Prices Drop for 3rd Month
Consumer prices in Croatia went down 0.2 percent year-on-year in June of 2020, following a 0.6 percent fall in the previous month. It was the third straight month of deflation, as the global pandemic continued to hit consumption. Main downward pressure came from prices of transport (-6.2 percent vs -10.2 percent in May); housing & utilities (-1.6 percent vs -1.9 percent) and recreation & culture (-0.4 percent vs -0.7 percent). Also, cost slowed further for food & non-alcoholic beverages (2 percent vs 2.5 percent). On a monthly basis, consumer prices edged up 0.1 percent, the same pace as in the previous month.
2020-07-16
Croatia Consumer Prices Fall the Most since 2016
Consumer prices in Croatia were down 0.6 percent year-on-year in May of 2020, following a 0.2 percent drop in the previous month. It was the largest decline in consumer prices since September of 2016, as prices continued to fall mostly for transport (-10.2 percent vs -9.5 percent in April); housing & utilities (-1.9 percent vs -1.5 percent) and recreation & culture (-0.7 percent vs -1.1 percent). Also, cost slowed for food & non-alcoholic beverages (2.5 percent vs 3.7 percent). On a monthly basis, consumer prices were up 0.1 percent, after falling 0.2 percent in the prior month.
2020-06-16

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.