The annual inflation rate in Croatia decreased to 1.3 percent in November 2018 from 1.6 percent in the previous month. It is the lowest inflation rate since April, as prices slowed markedly for transport (3.4% vs 6.5%) and advanced at the same pace for food & non-alcoholic beverages (0.5%). Inflation also eased for recreation & culture (1.2% vs 1.5%) and prices continued to fall for clothing & footwear (-1.4% vs -1.7%). Conversely, cost went up faster for housing & utilities (2.5% vs 2.0%); miscellaneous goods & services (0.4% after being flat in October); furniture & household equipment (1.2% vs 0.6%); restaurants & hotels (2.7% vs 2.5%) and health (1.8% vs 1.7%). On a monthly basis, consumer prices went down 0.3 percent, after increasing 0.6 percent in the previous month. Inflation Rate in Croatia averaged 2.29 percent from 1999 until 2018, 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 2.40 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 2.80 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.