Producer prices in Croatia fell 6.6 percent year-on-year in May of 2020, following a 5.9 percent drop in the previous month. It was the biggest fall in producer prices since series began in January of 2009. Cost declined further for energy (-28 percent vs -25.9 percent in April); intermediate goods (-1 percent vs -0.8 percent) and durable consumer goods (-1.1 percent vs -0.8 percent). Also, prices slowed for non-durable consumer goods (1 percent vs 1.6 percent). On a monthly basis, producer prices went down 0.8 percent, after dropping 2.5 percent in April.
Producer Prices Change in Croatia averaged 0.84 percent from 2009 until 2020, reaching an all time high of 8.20 percent in March of 2011 and a record low of -6.60 percent in May of 2020. This page provides - Croatia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Producer Prices Change in Croatia is expected to be -4.00 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 1.50 in 12 months time. In the long-term, the Croatia Producer Prices Change is projected to trend around 2.20 percent in 2021, according to our econometric models.