Consumer Price Index for Croatia
DDOE02HRA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.36
Year-over-Year Change
25.08%
Date Range
1/1/1985 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Croatia measures the change in prices paid by consumers for a basket of goods and services over time. It is a key indicator of inflation and a critical data point for policymakers and economists.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Croatia tracks the average change in prices paid by Croatian consumers for a representative basket of consumer goods and services. It is a widely used metric for assessing the overall cost of living and the purchasing power of the national currency.
Methodology
The Croatian Bureau of Statistics collects price data from a sample of retail establishments and service providers to calculate the monthly CPI.
Historical Context
The CPI is a crucial input for the Croatian National Bank's monetary policy decisions and influences consumer confidence and spending patterns.
Key Facts
- Croatia's CPI reached a high of 6.4% in June 2022.
- Energy and food prices were the primary drivers of inflation in 2022.
- The Croatian National Bank targets an inflation rate of 2-3% as part of its monetary policy.
FAQs
Q: What does the Consumer Price Index for Croatia measure?
A: The CPI for Croatia tracks the average change in prices paid by Croatian consumers for a basket of goods and services. It is a key indicator of inflation in the country.
Q: Why is the Croatian CPI relevant for users and analysts?
A: The CPI is a crucial data point for assessing the overall cost of living, consumer purchasing power, and the effectiveness of the Croatian National Bank's monetary policy.
Q: How is the Croatian CPI data collected and calculated?
A: The Croatian Bureau of Statistics collects price data from a sample of retail establishments and service providers to calculate the monthly CPI.
Q: How is the Croatian CPI used in economic policy?
A: The CPI is a key input for the Croatian National Bank's monetary policy decisions, as it influences consumer confidence, spending patterns, and the central bank's inflation targeting.
Q: Are there any delays or limitations in the CPI data for Croatia?
A: The Croatian CPI data is typically released with a 1-month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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Citation
U.S. Federal Reserve, Consumer Price Index for Croatia (DDOE02HRA086NWDB), retrieved from FRED.