Croatia's industrial producer prices increased by 16 percent in December 2021 compared with the same month in 2020, rising for the tenth month in a row year-on-year, according to the data from the National Bureau of Statistics (DZS).

The rise began in March, when it reached 3.5%, after which it intensified to 5.8% in April, 7.6% in May, 7.2% in June, 7.9% in July, 9.3% in August, 12.1% in September and 16.4% in October. In November it hit a new record high of 16.6%.

December’s industrial producer prices rose 0.4% compared to November 2021.

The growth in industrial producer prices was on the back of energy price hikes. In December,  producer prices of energy on the Croatian market soared 57.6% on the year.