Producer prices in Croatia decreased 0.3 percent year-on-year in August of 2019, after a 0.3 percent rise in the previous month. It marked the first fall in producer prices since November 2016, as energy cost continued to fall (-3.3 percent vs -1.3 percent in July). Meantime, prices rose at a softer pace for capital (0.3 percent vs 0.4 percent); intermediate (0.5 percent vs 0.6 percent) and durable goods (a flat reading vs 0.9 percent). On the other hand, producer inflation was steady for non-durable consumer goods (at 0.9 percent). On a monthly basis, producer prices dropped 0.6 percent, after increasing 0.4 percent. Producer Prices Change in Croatia averaged 1 percent from 2009 until 2019, reaching an all time high of 8.20 percent in March of 2011 and a record low of -6.40 percent in May of 2016.
Producer Prices Change in Croatia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Croatia to stand at 1.70 in 12 months time. In the long-term, the Croatia Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.