Croatia's industrial producer prices down for 39 straight months

Industrial producer prices in Croatia fell by 5.5% in July 2016 compared with July 2015, which is the 39th consecutive month that they have decreased on the annual level, according to figures released by the National Bureau of Statistics (DZS) on Friday.

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 5.6%, and water supply, sewerage, waste management and remediation activities by 1.7%.

Compared with June 2016, producer prices in July 2016 decreased by 0.8%. Prices of industrial products on the domestic market were 0.7% lower and those on foreign markets were 1% lower in July.

Analysts of Raiffeisenbank said producer prices were expected to continue decreasing in the coming months, primarily due to deflationary pressures caused by low prices of energy products on foreign commodity markets.

Last update: Fri, 12/08/2016 - 09:53

More from Croatia

Stier for more active OSCE role in SE Europe

Attending the 23rd OSCE Ministerial Council in Hamburg on Thursday, Croatia's Foreign and European Affairs Minister...

Croatian President: Officials should refrain from commenting on Constitutional Court's work

Reacting to a statement by Interior Minister Vlaho Orepic that the Constitutional Court's judges were the biggest...

Kiowa Warrior military helicopters presented

Sixteen Kiowa Warrior military helicopters, procured as part of a project to equip the Croatian Armed Forces with...

EC requests Croatia to amend excise duty on ethyl alcohol

The European Commission on Thursday requested Croatia to amend the reduced excise duty rate for small producers of...

Ambassador Del Vechio says Bosnia's stability is Croatia's key interest

Croatia strongly supports the stability and integrity of Bosnia and Herzegovina and it will do everything in its...