Producer Prices Continue to Decline, 42nd Month in a Row

Producer prices of Croatian industrial products fell in October by 2.3 percent compared to the same month last year, marking the continuation of their decline on an annual basis for the 42nd consecutive month, according to data from the Croatian Bureau of Statistics (DZS). Official statistics show that producer prices of industrial products in October increased by 1.1 percent on a monthly basis compared to September.

However, excluding energy prices, producer prices in the industry in October increased by 0.3 percent compared to September, while on an annual basis, compared to October last year, they decreased by 1.6 percent. Meanwhile, DZS data indicates that on a monthly basis, prices in the domestic market and in foreign markets rose by 1.1 percent. On an annual basis, prices in both the domestic and foreign markets fell by 2 percent.

According to the main industrial groups, in October compared to September, energy prices rose by 3.5 percent, non-durable consumer goods by 0.4 percent, intermediate goods and capital goods by 0.1 percent, and durable consumer goods by 0.3 percent.

On an annual basis, compared to October last year, capital goods prices in the tenth month of this year were up by 0.3 percent, while energy prices fell by 4 percent, durable consumer goods by 3.5 percent, intermediate goods by 3.2 percent, and non-durable consumer goods by 0.6 percent.

When viewed by activities, on a monthly basis, prices rose in the manufacturing industry by 1.3 percent and in mining and quarrying by 0.2 percent. At the same time, prices in the supply of electricity, gas, steam, and air conditioning fell by 0.3 percent, while in the supply of water, wastewater removal, waste management, and environmental remediation activities remained at the same level as in September.

On an annual basis, producer prices in mining and quarrying fell by the largest 13.8 percent in October, in the supply of electricity, gas, steam, and air conditioning decreased by 4.9 percent, in the manufacturing industry by 1.4 percent, and in the supply of water, wastewater removal, waste management, and environmental remediation activities by the smallest 1.3 percent.