Croatia's industrial producer prices down for 34 months in row

Croatia's industrial producer prices dropped by 5.4% in February year on year, which was an annual decrease for the 34th consecutive month, the Office for National Statistics (DZS) has reported.

Industrial producer prices have been declining since May 2013.

Broken down by type of industry, the manufacturing industry saw a 5.7-percent decrease in producer prices year on-year, and the mining industry recorded a decrease of 5.1% compared to February 2015.

Croatia's industrial producer prices dropped by 0.9% in February compared to January.

Raiffeisenbank Austria analysts have said that the fall in industrial producer prices has been on the back of imported deflationary pressures resulting from low prices of crude oil on the commodities markets.

Last update: Mon, 14/03/2016 - 11:54

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