Croatia’s industrial producer price index declined 0.1% y/y in July after falling at the same rate in June, statistics office data showed. The mining and quarrying sector was the main contributor to deflation in July - prices in the sector fell by 10.3% y/y, following a 7.7% y/y drop in the previous month. Utilities prices fell by 0.6% y/y drop after rising by 2.4% y/y in June, while manufacturing prices stayed unchanged y/y.
In the main industrial groups' breakdown, prices of intermediate goods decreased by 1.8% y/y in July. They were followed by energy prices which dropped by 1.7% y/y, while non-durable consumer goods prices increased by 2.1% y/y.
In monthly terms, PPI dropped 0.1% in July, following a 0.4% decline the previous month.
Industrial producer prices on the domestic market only went down 0.3% m/m but increased by 0.6% compared to July 2012.
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