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Croatian Government to Expand Price Regulations Amid Inflation Concerns

Written by  Jan 16, 2025

The government plans to expand the list of products with regulated prices and will continue to focus on maintaining citizens' standards of living, Prime Minister Andrej Plenković and Minister of Economy Ante Šušnjar stated on Wednesday during the parliamentary Q&A session.

"We will expand the measures for products with regulated prices, and the State Inspectorate and the Competition Protection Agency will play a greater role," Prime Minister Plenković responded to an inquiry from independent MP Nino Raspudić.

He reminded the audience of the measures the government has taken so far to combat inflation, including reducing the VAT rate to 5% for a range of products. "Almost no one notices this anymore," he remarked.

Inflation in 2024 was 2.975%, and it is estimated to be 2.7% for this year, Plenković added, highlighting GDP growth, public debt reduction, credit rating improvement, and increases in wages and pensions.

"Inflation is Croatia’s pressing issue. Over the last three years, Croatia has recorded rates among the highest in the EU, and we currently have the highest inflation in the Eurozone," Raspudić emphasized, warning that regulating the prices of some products will not stop the "descent into the abyss."

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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