Croatia's PPI up by 3.3% y/y in August.

By bne IntelliNews September 13, 2010
Croatia's producer price index (PPI) inched up to 3.3% y/y in August from 3.8% y/y a month earlier, the data released by the statistics office showed. Among the main industrial groupings, the energy and intermediate goods contributed for the inflation by registering an increase of 9.1% y/y and 3.4% y/y, respectively. The capital goods prices grew by 0.9% y/y, following 0.2% y/y drop a month ago. The sector classification revealed that the mining and quarrying segment contributed substantially for the decelerated PPI inflation, registering an increase of 12% y/y after a growth of 14.1% y/y in July. The processing industry prices grew by 2.4% y/y, following an increase of 2.8% y/y a month ago. The subsectors, which witnessed the highest price hikes in manufacturing, were textiles (up by 14.2% y/y in August after 20.2% y/y in the previous month) and paper and paper products (up by 10.1% y/y after 10.9% a month ago). In m/m terms, producer prices rose by 0.3% in August.
  Industrial Producer Prices*, % y/y
May June July August
TOTAL 4.9 4.4 3.8 3.3
Mining and quarrying 10 15 14.1 12
Processing industry 4.5 3.6 2.8 2.4
-Foods -2.8 -1.8 -0.9 1.4
-Beverages -3.5 -2 -2 -2.2
-Tobacco -0.5 -0.7 -3.6 -3.6
-Apparel -2.1 -2.3 -0.2 1
-Refined petroleum products 28.4 19.6 16.6 9.5
-Chemicals 12.9 13.3 5.7 4.9
-Non-metal minerals -0.9 -1.2 -1.8 -1.7
-Metal goods, excl. machinery -1 2.8 0.9 1.9
-Other transport equipment 0 -0.9 -0.1 0
Electricity, gas, steam and air conditioning supply 3.9 3.9 5.3 5.3
Water supply and sewerage 2.7 2.8 0.3 2.1
Source: Croatian Bureau of Statistics
*calculated under new  NKD 2007 classification

Croatia's PPI up by 3.3% y/y in August.

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