Inflation Rate in Croatia in October Lowest Since January 2022

Katarina Anđelković

croatian inflation

November 17, 2023 – The inflation rate in Croatia in October was 5.8 percent, the lowest it has been ever since January 2022.

Compared to September, prices rose by half a percent. On a monthly basis, the highest increase in prices was recorded in the categories of clothing and footwear (11 percent) and communication (2.7 percent). Transportation prices decreased by 0.6 (percent), and food and beverages by half a percent. It might not be much, but it is something.

When observed according to the main groups of the ECOICOP classification, writes SiB, all categories increased on an annual basis, and the highest increase in consumer prices was achieved on average in the category of restaurants and hotels, of 12.1 percent. The categories of food and non-alcoholic beverages followed with 8.7 percent, recreation and culture with 6.7 percent, while the categories of clothing and footwear and various goods and services recorded a jump of 6.6 percent each.

Furthermore, prices in the category of health increased by 6.4 percent, furniture, the categories of home equipment and regular household maintenance saw an increase of 6.3 percent, the category of education by 5.5 percent, while the prices of alcoholic beverages and tobacco increased by 5.4 percent. Communications recorded an increase of 5.1 percent, transport of 4.2 percent, and the highest increase in prices increased was recorded in the categories of housing, water, electricity, gas and other fuels, by 0.3 percent.

According to the main components of the index (special aggregates), in the categories of food, drink, and tobacco, the recorded annual price increase was 8.2 percent. Prices of services increased by 7.3 percent, and industrial non-food products without energy by 5.8 percent. On the other hand, the drop in prices was recorded in the energy category, by 0.3 percent, the Croatian Bureau of Statistics announced.


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