Consumer prices in Croatia decreased 0.7 percent year-on-year in December of 2020, following a 0.2 percent fall in November. It is the biggest drop in consumer prices since September of 2016, mainly due to falls in cost of food and non-alcoholic beverages (-0.9 percent), housing and utilities (-1.6 percent), transport (-4 percent) and clothing and footwear (-2.7 percent). On a monthly basis, prices went down by 0.6 percent, after a 0.3 percent drop in November. source: Croatian Bureau of Statistics
Inflation Rate in Croatia averaged 2.11 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 February of 2021.
Inflation Rate in Croatia is expected to be 0.30 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 1.00 in 12 months time. In the long-term, the Croatia Inflation Rate is projected to trend around 1.60 percent in 2022, according to our econometric models.