Croatia Producer Prices Decline in September

Analysis

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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.

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