Annual inflation rate in Croatia fell to 0.8 percent in August 2019 from 1.1 percent in July. Prices slowed for housing & utilities (3.8 percent vs 3.9 percent in July); recreation & culture (2 percent vs 2.3 percent); alcoholic beverages & tobacco (4.7 percent vs 5 percent); furniture & household goods (0.1 percent vs 1 percent); and restaurant & hotels (2.9 percent vs 3.3 percent). Also, cost declined further for transport (-1.6 percent vs -1.1 percent); and miscellaneous goods & services (-0.6 percent vs -0.2 percent); and dropped for clothing & footwear (-1.6 percent vs 0.4 percent). Meanwhile, prices decreased less for communication (-0.1 percent vs -0.3 percent) and continued to fall for health (at -1.1 percent). In addition, inflation was steady for food & non-alcoholic beverages (at 0.3 percent) and prices of education advanced at a faster pace (1.2 percent vs 1.1 percent). On a monthly basis, consumer prices went down 0.3 percent, after a 0.5 percent fall in July. Inflation Rate in Croatia averaged 2.23 percent from 1999 until 2019, 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 1.20 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 2.00 percent in 2020, according to our econometric models.