HINA News

Croatia’s October inflation accelerates at 2.2% pace

The inflation rate in Croatia, as measured by the Consumer Price Index, was 2.2% in October 2024 on an annual basis, which put an end to a five-month slowdown in inflation on an annual basis.

Compared to September 2024, prices were 1.1% up, the Croatian Bureau of Statistics (DZS) said in its flash estimate on Thursday.

The October inflation rate of 2.2% puts an end to a months-long decline of the year-on-year inflation rate, which in May 2024 stood at 3.3%, in June at 2.4%, in July at 2.2%, in August at 1.8% and in September at 1.6%.

Broken down by main components of the index, the estimated year-on-year inflation rate was 5.1% for services, 4.6% for food, beverages and tobacco, and 0.6% for industrial non-food products excluding energy, while the rate for energy dropped by 4.6%.

Compared with September 2024, the prices of industrial non-food products excluding energy rose by 2.7%, the prices of energy by 1.4%, and those of food, beverages and tobacco by 1%. At the same time, the prices of services decreased by 0.5%.

The DZS said it would publish the final data on 15 November.

Eurostat: Croatia’s October inflation at 3.5%

According to the flash estimate published by Eurostat, the annual inflation rate in Croatia in October 2024, as measured by the Harmonised Index of Consumer Prices (HICP), was 3.5%.

In the euro area, the average annual inflation rate in October 2024 was 2%.

Higher inflation rates than Croatia’s were recorded in Belgium (4.7%) and Estonia (4.5%). Slovakia had the same inflation rate as Croatia while other euro area member countries had inflation rates that were lower than Croatia’s.