Croatians are fretting about steep price hikes after the country introduced the euro on January 1. While the government blamed businesses for unjustifiably hiking prices, traders said it was due to the rising cost of raw materials and energy
Costs rose as soon as Croatia replaced its kuna currency with the euro on Jan. 1, as traders rounded up prices in the new currency.
Croatia, with annual inflation recorded at 10.8%, reported one of the highest inflation rates in the EU last year. “I don't think this is a war between the government and traders, this is the pressure by the government and its need to do something to halt inflation," he said.
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