The annual inflation rate in Croatia accelerated to an all-time high of 10.8 percent in May of 2022, from 9.4 percent in the previous month as the war in Ukraine continued to pressure prices of energy and agricultural commodities. Main upward pressure came from food and non-alcoholic beverages (15.2 percent vs 12.8 percent), housing and utilities (9.9 percent vs 8.8 percent), and transportation (19 percent vs 16.4 percent). Prices also picked up for furnishings and household maintenance (11.7 percent vs 9.9 percent), restaurants and hotels (12.1 percent vs 11.1 percent), and clothing and footwear (8.9 percent vs 7.5 percent). On a monthly basis, consumer prices rose by 1.4 percent, slowing from a record high 2.6 percent monthly rise in April. source: Croatian Bureau of Statistics
Inflation Rate in Croatia averaged 2.24 percent from 1999 until 2022, reaching an all time high of 10.80 percent in May of 2022 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 July of 2022.
Inflation Rate in Croatia is expected to be 8.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Croatia Inflation Rate is projected to trend around 2.50 percent in 2023 and 1.40 percent in 2024, according to our econometric models.