Croatia Producer Inflation Highest Since 2023

Producer prices in Croatia jumped 7% year-on-year in April 2026, the biggest increase since March 2023, following a 3.2% rise in the previous month. The increase was mostly due to a 23.2% surge in energy costs due to the impact of the war with Iran, following a 10.1% increase in March. Excluding energy, producer prices rose at a much slower 0.7%. Meanwhile, prices rebounded for mining and quarrying (+12.8% vs -15%) and accelerated for manufacturing (7.3% vs 3.9%); electricity, gas, steam and air conditioning supply (4.8% vs 3.1%), and water supply; sewerage, waste management and remediation activities (1.7% vs 1.6%). Compared to the previous month, the PPI rose 2.1%, following a 1.9% gain in March.

Producer prices in Croatia increased by 3.2% year-on-year in March 2026 from 0.9% in the previous month, marking the highest reading since April 2023. The acceleration was mainly driven by a rebound in manufacturing prices, which rose 3.9% after a 0.3% decline in February, supported by a sharp recovery in the manufacture of coke and refined petroleum products (37.5% vs -11.5%), as well as increases in machinery and equipment (2.8% vs 2.3%) and other transport equipment (4.9% vs 4.7%). Meanwhile, the decline in mining and quarrying moderated, easing to -15.0% from -22.1%, driven in part by a smaller contraction in the extraction of crude petroleum and natural gas (-33.9% vs -44.1%). On a monthly basis, producer prices rose by 1.9%, easing from a 2.3% increase in February.

Producer prices in Croatia increased by 0.9% year-on-year in February 2026, rebounding from a 1.2% fall in the previous month. It marked the highest reading since November 2025, primarily driven by easing deflation in manufacturing (-0.3% vs -0.6% in January), supported by faster price growth in the manufacture of wood and wood products, except furniture, articles of straw and plaiting materials (5.9% vs 5.5%), manufacture of basic pharmaceutical products and pharmaceutical preparations (2.3% vs 1.8%), manufacture of electrical equipment (0.5% vs 0.4%), and the manufacture of machinery and equipment n.e.c. (2.3% vs 2.1%). The overall rebound was also driven by a sharp turnaround in electricity, gas, steam and air conditioning supply (8.2% vs -1.5%). In contrast, deflation deepened in mining and quarrying (-22.1% vs -16%). On a monthly basis, producer prices rose 2.3%, recovering from a 0.1% fall in January.