Croatian c-bank lifts 2022 inflation f'cast to 10.3%

Next year, inflation is seen easing to 6.7%, due to the effect of the base period, gradual decline of prices of raw materials on global markets, fewer supply chain disruptions, and lower demand, the central bank said in a press release late on Tuesday.

The projection for the inflation rate in 2023 is higher than the central bank's previous forecast of 4.6% made in July.

Croatia's annual inflation accelerated to 12.8% in September from 12.3% in August but is expected to slow down towards the end of the year partly due to government's control of prices of energy and some final products, the central bank added.

Croatia's gross domestic product growth is expected to slow down from 5.5% this year to 1.0% next year, the central bank said in the press release.