Producer prices in Croatia rose 0.4 percent year-on-year in June 2019, easing from a 1.5 percent gain in the previous month. Cost of energy dropped 2.1 percent, after increasing 2.7 percent in May. On the other hand, prices advanced further for capital goods (0.5 percent compared to 0.1 percent in May); intermediate (1.3 percent compared to 1.2 percent); and durable goods (1.4 percent compared to 1.2 percent). Also, inflation was steady for non-durable goods (at 1.1 percent, the same as in May). On a monthly basis, producer prices went down 1.2 percent, following a 0.1 percent decline in the prior month. Producer Prices Change in Croatia averaged 1.01 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 2.20 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.