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

More from Croatia

Croatian PM: Probe launched into leak of embassy's note on president's US visit

Minister Andrej Plenkovic said on Thursday it was highly unusual for notes of the Croatian Embassy in Washington...

Unionists surprised by hiring of Deloitte to analyse refinery business

The trade unionists representing workers at the Sisak oil refinery on Thursday showed restraint in their comments,...

Austria's Supernova takes over four shopping centres in Croatia

The Supernova Group has taken over four Croatian shopping centres -- the Garden Mall in Zagreb, the retail parks in...

Spar exports EUR 60mn worth of Croatian products in 2016

The value of Croatian products marketed abroad last year by the Spar Croatia retail chain exceeded 60 million euros...

INA and Deloitte to analyse options for sustainable business at Sisak

The INA oil company has chosen the Deloitte consulting firm to identify and analyse options for sustainable business...