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Croatia sees one of the lowest inflation rates across whole of European Union

Written by  Feb 23, 2019

Annual inflation in the European Union and the euro zone was up in January 2019 compared to the previous month, with Croatia recording one of the lowest annual inflation rates, showed the figures published on Friday by Eurostat, the EU statistical office.

EU annual inflation was 1.5 percent in January 2019, down from 1.6 percent in December. In January 2018, the rate stood at 1.6 percent.

The euro area annual inflation rate was 1.4 percent in January 2019, down from 1.5 percent in December, and up from 1.3 percent from January last year.

The annual inflation rate in Croatia in January 2019, measured by the Harmonised Indices of Consumer Prices (HICP), was 0.6 percent. In December 2018 the rate was 1.0 percent, while in January 2017 the rate was 1.2 percent.

The lowest annual rates across EU were registered in Greece (0.5 percent), Croatia, and Portugal (both 0.6 percent), while the highest annual rates were recorded in Romania (3.2 percent), Latvia (2.9 percent), Estonia, and Hungary (both 2.8 percent).

Compared with December 2018, annual inflation dropped in 16 member countries, remained stable in five, and rose in seven.

In January 2019, the highest contribution to the annual euro zone inflation rate came from services (+0.70 percent), followed by food, alcohol and tobacco (+0.36 percent), energy (+0.26 percent), and non-energy industrial goods (+0.06 percent).