Croatia's industrial producer prices rose by 1.1 percent in April compared to April 2017, continuing their year-on-year rise for 16 straight months, figures released by the state statistics bureau on Monday showed.

Compared with March 2018, industrial producer prices increased by 0.5 percent, both on the domestic market and on the foreign market. Year-on-year, prices rose by 1.4 percent on the domestic market and by 0.7 percent on the foreign market.

“The continued rise in producer prices on the domestic market has been going on since the start of last year,” analysts at Raiffeisenbank Austria (RBA) said, commenting on the report.

Excluding energy prices, industrial producer prices in April were 0.2 percent lower than in March, and 0.1 percent higher than in April last year.

Broken down by industry, energy prices rose 2.9 percent month-on-month, prices of intermediate goods, capital goods and durable consumer goods remained unchanged, while prices of non-durable consumer goods fell by 0.3 percent.

Year-on-year, energy prices increased by 4.4 percent, prices of intermediate goods were up 1.4 percent, and those of capital goods rose by 0.6 percent. Prices of non-durable consumer goods dropped by 1.1 percent, while those of durable consumer goods remained unchanged.

“Considering the continuing growth of producer prices, we can also expect positive pressures on consumer price growth to continue. At the same time, the expected continuation of the recovery of domestic and foreign demand will put pressure on the growth of industrial producer prices,” RBA analysts said.

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