Croatia Producer Prices Decline in September
Image by Myvector / Shutterstock.com
Croatia's industrial producer prices fell by 0.9% year-on-year in October, after rising by 1.2% in September, the Zagreb-based Croatian Bureau of Statistics (Crostat) said on Wednesday.
It was the first producer deflation since February 2021. Prices decreased for manufacturing (-0.3% vs 1.3% in September) and eased further for electricity, gas, stream & air-conditioning supply (1.6% vs 11.3%). Furthermore, prices continued to fall for mining & quarrying (-41.8% vs -49%).
Meanwhile, inflation remained stable for water supply, sewerage, waste management & remediation activities (0.6%).
On a monthly comparison basis, the industrial producer price index (PPI) declined by 0.9% in October, following an increase of 0.4% in September.
Industrial producer prices on the domestic market dipped 0.5% year-on-year and were 1.1% lower month-on-month. On the non-domestic market, Croatia's PPI declined 1.4% on the year and fell 0.7% in monthly terms.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.