Croatia records decline in producer prices for 27 straight months

Producer prices in Croatia fell in October 2015 by 4.5 per cent in comparison with October 2014, which was the 27th month in a row to see a year-on-year decline, figures from the National Bureau of Statistics (DZS) showed on Wednesday.

Producer prices in October were 0.1 per cent higher than in September. They remained stable on the domestic market, while on the foreign market they increased by 0.4 per cent.

Industrial producer prices have continued to fall on the annual level since August 2013. With the exclusion of energy prices, which were down by 0.2 per cent, producer prices in October 2015 were 4.5 per cent lower than in October 2014.

"We expect a further impact of imported deflationary pressures in the next term as well, and the additional effect on lower industrial producer prices will be underpinned by weak domestic demand," analysts at Raiffeisenbank Austria (RBA) said in their comment on the DZS report.

Last update: Wed, 11/11/2015 - 12:37

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