Annual consumer price growth slowed to its lowest level since February as non-food industrial goods excluding energy declined, while monthly prices fell for a third straight month.
Croatia’s annual inflation rate eased to 3.9% in July 2026 from 4.5% in June, its lowest reading since February, according to a preliminary estimate. The moderation was driven in part by a 1.1% year-on-year decline in non-food industrial goods excluding energy. Energy prices nevertheless remained a major source of pressure, rising 12.2%, while services inflation stayed strong at 8.5% and food, beverages, and tobacco prices increased 0.5%. On a monthly basis, consumer prices fell 0.2% in July after a 0.4% decline in June, extending the downward trend for a third consecutive month, though at a slower pace.