Inflation in Croatia
Croatia - Inflation
Inflation comes in at highest level since our records began
Consumer prices rose 0.43% from the previous month in July, slowing down from June's 1.12% rise. July's result marked the weakest reading since January. The reading was driven by moderating price pressures for transportation and housing and utilities. Moreover, prices for clothing and footwear dropped.
Inflation edged up to 12.3% in July, following June’s 12.0%. July's reading was the highest inflation rate since our current records began. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.1% in July (June: 6.3%).
FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2022, which is up 0.3 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 1.9%.
Croatia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.5||-1.1||1.1||1.5||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Croatia Inflation Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||0.67||0.0 %||Dec 31|
|Exchange Rate||6.64||-0.54 %||Jan 01|
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September 2, 2022
Industrial production increased 2.8% year on year in working-day adjusted terms in July (June: +3.8% yoy).
August 26, 2022
The preliminary estimate reveals that GDP growth improved to 7.7% year on year (yoy) in the second quarter, from 7.0% in the first.
August 18, 2022
Consumer prices rose 0.43% from the previous month in July, slowing down from June's 1.12% rise.
July 29, 2022
Industrial production increased 3.8% year-on-year in working-day adjusted terms in June (May: +3.0% yoy).
July 19, 2022
Consumer prices increased 1.12% in June over the previous month, coming in below May's 1.40% rise.