Industrial Producer Prices Rise 1.1% in April

Total Croatia News

ZAGREB, May 14, 2018 – Croatia’s industrial producer prices rose by 1.1% in April 2018 compared with April 2017, continuing their year-on-year rise for 16 straight months, figures from the National Bureau of Statistics (DZS) show.

Compared with March 2018, industrial producer prices increased by 0.5%, both on the domestic market and on the foreign market. Year on year, prices rose by 1.4% on the domestic market and by 0.7% on the foreign market.

“The continued rise in producer prices on the domestic market has been going on since the start of last year,” analysts at Raiffeisenbank Austria (RBA) said in their comment on the DZS data.

Excluding energy prices, industrial producer prices in April were 0.2% lower than in March and 0.1% higher than in April last year.

Broken down by main industrial groupings, in April, compared with March, energy prices rose by 2.9%, prices of intermediate goods, capital goods and durable consumer goods remained at the same level, while prices of non-durable consumer goods fell by 0.3%.

Compared with April 2017, energy prices increased by 4.4%, prices of intermediate goods were up 1.4% and those of capital goods rose by 0.6%. Prices of non-durable consumer goods dropped by 1.1%, while those of durable consumer goods remained the same.

“Considering the continuation of positive annual growth rates of producer prices, we can expect the positive pressures on consumer price growth to continue in the time ahead. At the same time, the expected continuation of recovery of domestic as well as foreign demand will put pressure on the growth of industrial producer prices,” RBA said.


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