Producer prices in Croatia went up 2.5 percent year-on-year in April of 2019, following a 2.3 percent increase in the previous month. It was the highest producer inflation since October 2018, as cost of both capital and non-durable goods rebounded 0.4 percent and 0.8 percent, respectively, after being unchanged in March, while intermediate goods inflation was unchanged at 1.1 percent. Meanwhile, energy cost slowed (8.4 percent vs 8.7 percent). On a monthly basis, producer prices increased 0.8 percent compared to a 0.9 percent rise in March. 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.