Producer prices in Croatia rose 1.1 percent year-on-year in November of 2018, easing from a 3.4 percent gain in the previous month. It was the lowest producer inflation rate since April, as prices slowed for intermediate goods (0.8 percent compared to 1.0 percent in October); capital goods (0.4 percent compared to 0.5 percent) and energy (5.9 percent compared to 16.0 percent). On the other hand, cost declined at a softer pace for for durable consumer goods (-0.4 percent compared to -0.6 percent) and non-durable (-1.1 percent compared to -1.2 percent). On a monthly basis, producer prices dropped 0.8 percent, after rising 0.3 percent in the prior month. Producer Prices Change in Croatia averaged 1 percent from 2009 until 2018, 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 3.60 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 2.30 in 12 months time. In the long-term, the Croatia Producer Prices Change is projected to trend around 1.90 percent in 2020, according to our econometric models.