Croatia's industrial producer prices down for 38 straight months

Industrial producer prices in Croatia fell by 5.5% in June 2016 compared with June 2015, which is the 38th consecutive month that they have decreased on the annual level, according to figures released by the National Bureau of Statistics (DZS).

Broken down by activity, producer prices in the manufacturing industry fell by 5.2%, in mining and quarrying by 14.1%, electricity, gas, steam and air
conditioning supply by 5.8%, and water supply, sewerage, waste management and remediation activities by 1.7%.

"In the months ahead, we expect a continuation of negative rates of change of producer prices on the annual level, which is primarily the result of imported deflationary pressures due to low energy prices on foreign commodity markets," analysts at Raiffeisenbank Austria (RBA) said in their comment on the DZS report.

Compared with May 2016, producer prices in June 2016 increased by 0.9%. Producer prices in the manufacturing sector rose by 1.1%, while dropping in mining and quarrying by 0.6% and in electricity, gas, steam and air conditioning supply by 0.1%. Prices in the water supply sector remained unchanged.

Industrial producer prices, excluding energy, in June 2016 were 0.2% lower than in May 2016, while compared with June 2015 they were down 1.8%.

Last update: Tue, 12/07/2016 - 11:18
Author: 

More from Croatia

Hungarian icebreakers arriving on Danube in Croatia

Two Hungarian icebreakers are arriving on the Danube in Croatia this afternoon because of low air temperatures which...

Veterans, Tudjman, Racan deserve credit for Croatia's int'l recognition, SDP official says

The City of Rijeka and Primorje-Gorski Kotar County on Monday organised a commemoration in the northern Adriatic...

HBOR grants EUR 48.3 mln loan to 4 Agrokor companies

The Croatian Bank for Reconstruction and Development (HBOR) has granted a EUR 48.3 million loan to four companies...

Round table for stepping up food import control

Croatians mostly eat quality food, notably if it is domestic, but it is necessary to step up the control of cheap...

Serb rebel accused of expelling Croats from Knin

The Split County Prosecutor's Office has indicted a 59-year-old Serbian citizen for ordering the terrorising and...