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Croatia Inflation Slows to 3.1% in April, Still Among Highest in Euro Area

Consumer prices in Croatia rose by 3.1% year-on-year in April, easing from 3.2% in March, according to a flash estimate published by the Croatian Bureau of Statistics (DZS) on Friday. On a monthly basis, inflation edged up 0.6%, driven by increases in non-energy industrial goods, services, and food, while energy prices declined. April’s data continues […]

Consumer prices in Croatia rose by 3.1% year-on-year in April, easing from 3.2% in March, according to a flash estimate published by the Croatian Bureau of Statistics (DZS) on Friday.

On a monthly basis, inflation edged up 0.6%, driven by increases in non-energy industrial goods, services, and food, while energy prices declined.

April’s data continues a steady slowdown in annual inflation, which stood at 4.0% in January and 3.7% in February.

Services recorded the highest annual inflation at 6.1%, followed by food, beverages and tobacco at 4.1%. Energy prices rose 1.1% year-on-year, while non-energy industrial goods saw a more modest increase of 0.3%.

Month-on-month, prices of non-energy industrial goods climbed 1.7%, services increased 0.8%, and food, beverages and tobacco were up 0.4%. Energy prices declined by 1.1%.

Using the EU’s Harmonised Index of Consumer Prices (HICP), Croatia’s annual inflation stood at 3.9% in April, with a 0.7% rise from March.

Despite the downward trend, Croatia remains among the euro area countries with the highest inflation. Estonia recorded the highest annual rate in April at 4.4%, followed by Latvia and the Netherlands at 4.1%, while Slovakia matched Croatia’s 3.9%. Most other eurozone members reported lower inflation levels.

 

 

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