Croatia’s annual inflation slows to 4.1% in Jan

On a monthly comparison basis, Croatia's consumer price index (CPI) edged down by 0.4% in January, following a 0.5% dip in December, the Bureau of Statistics said confirming its initial estimate released on February 1.

In January, prices of food and non-alcoholic beverages rose by 6.5% year-on-year while transportation costs went up 3.7%.

Measured by the EU-harmonised index of consumer prices (HICP), prices of goods and services for personal consumption in Croatia increased by an average 4.8% year-on-year in January. On a monthly comparison basis, HICP edged down by an estimated 0.3% in January.

Croatia reported a 5.4% annual rise and a 0.3% monthly decline in HICP in December.

In 2023, Croatia's average annual inflation slowed down to 8%, from 10.8% in 2022.