Home » Business » Are there double costs in Croatia after adopting the euro? It is a lie!

Are there double costs in Croatia after adopting the euro? It is a lie!

Information on the costs of varied merchandise may be discovered on the web site of the Croatian Statistical Institute. Within the desk “Common gross sales costs in euros” it’s clear that there aren’t any important adjustments within the common costs of particular person meals merchandise – for some merchandise there’s even a lower in costs from December 2023 in comparison with September 2022 – for instance, hen meat, recent milk and yogurt, butter, oranges, and many others. We examine with September as a result of, in response to the journalist, “the primary worth shock and worth enhance was already in November 2022” and “the value enhance occurred … in October and November. In December, this course of stopped. ”, BNT stories.

The double worth enhance was not equal to the typical worth of the meals product as calculated by the Croatian Statistical Institute.

Out of the 76 meals and non-alcoholic drinks whose common costs are analyzed by the Croatian Statistical Institute, solely 7 merchandise have a share enhance in comparison with December 2022 of greater than 20%. In no occasion shall the rise exceed 80 cents per product. There’s a worth discount of greater than 20% for 2 merchandise – sunflower oil – 25% and lemon – 27%.

In comparison with September 2022, out of the 76 meals and non-alcoholic drinks analyzed by the Croatian Statistical Institute, 9 merchandise have elevated by greater than 20%, the value of 4 merchandise has decreased greater than 20%.

In no case does the rise exceed 72 cents per product, so the utmost lower is 66 cents.

To observe worth dynamics in 2024, we use the patron worth index, as in the meanwhile there isn’t a information for common month-to-month costs for the yr 2024. The Shopper Value Index is consumption index (CPI) is used as a basic measure of inflation in Croatia and displays adjustments within the costs of products and companies acquired, used or paid over time by households for consumption functions.

When it comes to share, in reality in 2022, within the months earlier than the adoption of the euro, the patron worth index was greater in comparison with the identical interval of the earlier yr – December 2021.

On the similar time, nevertheless, it’s greater than the next yr – 2023, in addition to in comparison with the final months of 2024. As well as – in 2023 and 2024 there are a number of merchandise with a unfavorable index – their costs are taking place.

In reality, inflation in 2023 and 2024 – the interval after the adoption of the euro – is decrease in comparison with the speed calculated in December 2021 and December 2022. This course of implies that adoption will not be the euro the financial purpose for the value enhance.

From the web site of the Croatian Statistical Institute, it’s clear: the costs of products and companies for private consumption, measured by the patron worth index, in April 2024 elevated by a median of three.7% in comparison with April 2023 ( on an annual foundation). basis). In comparison with March 2024 (month-to-month), in response to a fast estimate, they grew by a median of 0.7%.

Based on the principle elements of the index, the estimated annual charge of change for companies is 6.3%, for meals, drinks and tobacco 4.5%, for non-food industrial items excluding vitality 2.0% and for vitality 1.1%.

The declare that costs doubled in Croatia one yr after the introduction of the euro will not be true.

All through the European Union in 2022, there is a rise in inflationary processes as a result of the principle device for that is the struggle in Ukraine and concern about gasoline provide.

The info of the Statistical Institute in Croatia present that there aren’t any huge adjustments within the common costs of particular person meals merchandise, that even merchandise with decrease common costs in comparison with occasions earlier than the adoption of the euro.

Out of the 76 meals and non-alcoholic drinks whose common costs are analyzed by the Croatian Statistical Institute, solely 7 merchandise have a share enhance in comparison with December 2022 of greater than 20%. In no occasion shall the rise exceed 80 cents per product. In comparison with September 2022, 9 merchandise have elevated by greater than 20%, the value of 4 merchandise has been lowered by greater than 20%. No merchandise had been duplicated.

Inflation in Croatia in 2023 and 2024 is decrease in comparison with the speed calculated in December 2021 and December 2022. Which means the adoption of the euro will not be the explanation for the rise in costs.

2024-05-20 14:25:37
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