Record Croatian Inflation Driving Food and Drink Prices Even Further Up

Lauren Simmonds

Updated on:

As Poslovni Dnevnik writes, at the annual level (comparing the months of November 2021 and November 2022), the prices of goods and services for personal consumption, as measured by the consumer price index, were on average a concerning 13.5% higher, the State Bureau of Statistics recently announced.

The latest statistical data shows that the growth of consumer prices has well and truly accelerated on an annual basis. According to the record data published to date, the highest rate of annual Croatian inflation so far was recorded in October, when it amounted to a worrying 13.2 percent.

The biggest increase was observed in the food and non-alcoholic beverages group

Observed according to the main groups of the ECOICOP classification, on an annual basis, the largest increase in consumer prices on average was achieved in the groups Food and non-alcoholic beverages, by 19.2%, Restaurants and hotels, by 17.0%, Furniture, home equipment and regular household maintenance by 16.6%, Housing, water, electricity, gas and other fuels, by 16.5%, Transportation, by 13.3%, Various goods and services, by 11.6%, Recreation and culture, by 9.1%, Clothing and footwear, by 5.8%, Alcoholic beverages and tobacco, by 4.6%, Healthcare, by 4.1%, and Education, by 2.3%.

The largest contribution to the growth rate of the annual index was achieved in the groups Food and non-alcoholic beverages (+4.98 percentage points), Housing, water, electricity, gas and other fuels (+2.78 percentage points), Transportation (+1.96 percentage points points), Furniture, home equipment and regular household maintenance (+0.95 percentage points), Restaurants and hotels (+0.85 percentage points), Miscellaneous goods and services (+0.72 percentage points), Recreation and culture ( +0.48 percentage points), Clothing and footwear (+0.34 percentage points), Alcoholic beverages and tobacco (+0.23 percentage points) and Healthcare (+0.13 percentage points).

Observed according to special groups, the highest increase in prices on average at the annual level was achieved in the Energy group, by 21.2% (contribution to the increase of +3.56 percentage points).

As Croatian inflation continues to make more and more people struggle to make ends meet each month and drag those who were on the breadline deeper into poverty, many are asking whether or not the government is doing anywhere near enough to really curb the events of this unprecedented living crisis.

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