Inflation Croatia 2023
Average inflation: 8.0%
Current Inflation
Inflation is very high at 8.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 12.7%. The lowest inflation was in December at 4.5%.
- Highest month
- January: 12.7%
- Lowest month
- December: 4.5%
- Difference
- 8.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 15.0%. The lowest price increase was in Transport with an average of 1.2%.
- Highest increase
- Restaurants and hotels: 15.0%
- Lowest increase
- Transport: 1.2%
Historical Context
Current inflation is 3.6% higher than the 5-year average of 4.4%.
- 5-year average
- 4.4%
- 10-year average
- 2.3%
- All-time high (2022)
- 10.7%
- All-time low (2016)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- November: -8.8 percentage points
ECB Target
Inflation is 6.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 12.7% | +7.0 |
| February | 12.0% | +5.7 |
| March | 10.7% | +3.4 |
| April | 8.9% | -0.5 |
| May | 7.9% | -2.9 |
| June | 7.6% | -4.5 |
| July | 7.3% | -5.0 |
| August | 7.8% | -4.5 |
| September | 6.7% | -6.1 |
| October | 5.8% | -7.4 |
| November | 4.7% | -8.8 |
| December | 4.5% | -8.6 |
| Average | 8.0% |
Data source
Data from OECD. Last updated: 10/01/2026.