Croatia's producer price growth eases to 5.4% y/y in March.

By bne IntelliNews April 13, 2012
Croatia's producer price index rose by 5.4% on the year in March, easing from an annual 5.8% increase a month earlier, the statistics office said. The slower growth was due to lower rises of prices in the manufacturing sector. Manufacturing prices advanced 4.2% on the year in March following a 4.6% hike in February. Prices in the mining and quarrying industry moved up 39.2% on the year after rising by the same rate in the previous month. The prices in electricity, gas steam and air conditioning supply rose by 1.1% on the year versus a 1.1% annual increase a month ago, while in water supply and sewerage they went up by an annual 8.7% in March after an annual 8.4% increase in the previous month. In the main industrial groups' breakdown, energy registered the highest increase of 16.5% on the year, followed by non-durable consumer goods, which rose by 3.5% and intermediate goods, which stepped up by 1.1%. Deflation was observed only in capital goods, whose prices fell by 0.5% year-on-year. In monthly terms, the PPI rose by 0.7% in March after a 1.8% monthly increase in February. Industrial producer prices for the domestic market inched up by 0.6% on the month, while for the non-domestic market they went up by 0.9% month-on-month.
Industrial Producer Prices*, % y/y
November December January February March
TOTAL 6.8 5.2 5.5 5.8 5.4
Mining and quarrying 25.1 23.5 23.6 39.2 39.2
Processing industry 6.5 4.7 5.1 4.6 4.2
-Foods 7 5.6 5.6 3.8 3.8
-Beverages 4.2 3.3 5.5 4.2 3.8
-Tobacco 1.1 1.2 -2.3 -1.8 -1.8
-Apparel 2.8 6.5 6.8 6.9 4.6
-Refined petroleum products 30.6 19.8 21.4 24.3 19.9
-Chemicals 10.6 10.9 10.2 5.7 5.8
-Non-metal minerals 1 1.6 2.2 2.5 3.7
-Metal goods, excl. machinery 0.2 -0.1 -1.2 -3.1 -0.4
-Other transport equipment -0.4 -0.4 -0.6 -0.1 -0.2
Electricity, gas, steam and air conditioning supply 0.8 1 0.9 1.1 1.1
Water supply and sewerage 9.3 9.6 8.7 8.4 8.7
Source: Croatian Bureau of Statistics
*calculated under new NKD 2007 classification

Croatia's producer price growth eases to 5.4% y/y in March.

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