CONSUMER PRICE INDICES, JANUARY 2025 – Flash Estimate

The prices of goods and services for personal consumption, measured by the consumer price index, according to a flash estimate, increased by 4.0% on average in January 2025 compared to January 2024 (at the annual level). Compared to December 2024 (at the monthly level), according to a flash estimate, they increased by 0.1% on average.

According to the main components of index (special aggregates), an estimated annual rate of change was 6.3% for Services, 4.7% for Food, beverages and tobacco, 4.5% for Energy and 0.5% for Non-food industrial goods without energy.

At the monthly level, an increase in the rate of change was estimated for the components Energy, of 2.2%, for Services, of 1.4%, and for Food, beverages and tobacco, of 1.0%, while a decrease in the rate was estimated for the component Non-food industrial goods without energy, of 3.4%.

The prices of goods and services for personal consumption, measured by the harmonised index of consumer prices, according to a flash estimate, increased by 5.0% on average in January 2025 compared to January 2024 (at the annual level). Compared to December 2024 (at the monthly level), according to a flash estimate, they increased by 0.2% on average.

The flash estimate data of the euro area harmonised index of consumer prices for January 2025 are available at the Eurostat website.

The final data on consumer price indices in January 2025, according to the ECOICOP classification, will be released on 24 February 2025.

NOTES ON METHODOLOGY

The flash estimate of the consumer price index and the harmonised index of consumer prices is based on the data on retail prices obtained from data sources by the end of the reference month to which the prices refer, which accounts for about 80% − 90% of received and processed data. The remaining received data are processed and included into the calculation of the index for the purpose of the final data release.

Release dates of the flash estimate and final data are available in the Calendar of Statistical Data Issues.

The annual consumer price index measures the changes in prices in the current month compared to the same month of the previous year, while the monthly index measures the changes in prices in the current month compared to the previous month.

Definitions

Consumer price index (CPI) is used as a general measure of inflation in the Republic of Croatia and reflects the changes in prices of goods and services acquired, used or paid over time by a reference population (private households) for consumption purposes.

Harmonised index of consumer prices (HICP) is a set of European consumer price indices calculated according to a harmonised approach and a special set of definitions, which enables a comparable measure of inflation in the euro area, the European Union, the European Economic Area and in candidate countries.

Both indicators are calculated on the basis of the same representative basket of goods and services. The main difference is the coverage of the population: HICP includes the total consumption of institutional households and non-residents in the economic territory and this consumption is not included in the national consumer price index.

Abbreviations

Published by the Croatian Bureau of Statistics, Zagreb, Ilica 3, P. O. B. 80
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Persons responsible:
Suzana Šamec, Director of Macroeconomic Statistics Directorate
Lidija Brković, Director General

Prepared by:

Sanja Jurleka, Jasminka Stančić, Gordana Šiletić, Ivana Ključarić, Tamara Golub, Ivana Anzulović and Karlo Nutrizio

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