Croatia Inflation October 2022

Inflation got here in at 13.3% in October, up from September’s 12.8%. October’s end result was the best inflation charge since our present data started. Trying on the particulars of the discharge, costs for meals elevated at a faster tempo in October and costs for transportation rebounded. In the meantime, housing and utilities costs have been largely secure. In distinction, costs for clothes and footwear grew at a extra subdued tempo.

The development pointed up, with annual common inflation coming in at 9.4% in October (September: 8.6%). In the meantime, harmonized inflation ticked as much as 12.7% in October, from September’s 12.6%.

Lastly, client costs rose 1.34% from the earlier month in October, moderating from the 1.44% improve seen in September.

FocusEconomics Consensus Forecast panelists anticipate inflation to common 6.3% in 2023, which is up 0.3 proportion factors from final month’s forecast. In 2024, the panel sees inflation averaging 2.7%.