It was the first period of slowed producer prices since December 2021.

Costs decelerated for energy (87.2% vs 92.6% in June). On the other hand, the PPI rose at a faster pace for capital goods (8% vs 6.4%), non-durable consumer goods (8.5% vs 7.9%), and durable consumer goods (7.7% vs 7%).

On a monthly basis, producer prices rose by 1%, increasing at the same value from the previous month.

Industrial producer prices on the domestic market increased by 31.2% year-on-year and were 1.8% higher month-on-month in July.

On the non-domestic market, PPI rose by 14.4% on the year and dipped 0.1% in monthly terms in July, the Zagreb-based bureau said.