Croatia Producer Inflation Slows Further in July

Figures

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Croatia's industrial producer prices rose by 1.9% year-on-year in July, after rising by 2.2% in the previous month, the Zagreb-based Croatian Bureau of Statistics (Crostat) said in a statement on Thursday.

It was the lowest producer inflation since February 2020, as prices declined for manufacturing (-0.4% vs 0.2% in June) and edged down for water supply, sewerage, waste management, & remediation activities (0.6% vs 0.7%).

By contrast, prices fell softer for mining & quarrying (-12.7% vs -16.8%) and increased at a faster pace for electricity, gas, steam & air-conditioning (20.9% vs 19.3%). On a monthly basis, producer prices rose 0.7% in July, the same as in the previous month.

Industrial producer prices on the domestic market increased by 3.7% on year and were 1.2% higher on month. On the non-domestic market, the producer price index (PPI) fell by 0.5% on the year and dipped 0.1% in monthly terms. 

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