Croatia Inflation Rate Eases to 5-Month Low

The inflation rate in Croatia eased to 3.9% year-on-year in July 2026 from 4.5% in the previous month, marking the lowest reading since February, according to a preliminary estimate. Prices for non-food industrial goods excluding energy declined 1.1% year-on-year, contributing to the overall moderation in inflation. In contrast, energy costs climbed 12.2%, reflecting ongoing pressures associated with the Middle East conflict. Services prices also continued to rise strongly, increasing 8.5%, while food, beverages, and tobacco prices advanced 0.5%. On a monthly basis, consumer prices fell 0.2% in July, following a 0.4% decline in June, extending the downward trend for the third consecutive month, albeit at a softer pace.

The annual inflation rate in Croatia eased to 4.5% in June 2026 from 5.2% in the previous month, marking the lowest reading since February and confirming preliminary estimates. Price growth moderated across several categories, including food and non-alcoholic beverages (0.8% vs. 1.4% in May), alcoholic beverages and tobacco (7.1% vs. 7.5%), transport (8.6% vs. 12.5%), and restaurants and accommodation services (5.8% vs. 6.1%). Meanwhile, inflation was unchanged for health (5.2%). In contrast, housing, water, electricity, gas and other fuels (12.0% vs. 11.8%), information and communication (2.9% vs. 2.7%), and recreation, sport and culture (4.1% vs. 3.9%) edged up. Clothing and footwear prices continued to decline (-2.8% vs. -3.0%), though at a slower pace. On a monthly basis, consumer prices fell 0.4% in June, deepening from a 0.3% decline in the previous month.

The inflation rate in Croatia rose 4.5% year-on-year in June 2026, easing from 5.2% in the previous month and marking the lowest reading since February, according to a preliminary estimate. Prices for non-food industrial goods excluding energy fell 0.6%. Meanwhile, energy costs climbed 13.2%, continued to be linked to the Middle East conflict. Services prices also rose 8.1%, while food, beverages, and tobacco prices increased 1.8%. On a monthly basis, consumer prices fell 0.4% in June, following a 0.3% decline in May, marking the second consecutive monthly decline after four straight months of increases.