FX.co ★ Croatia Producer Prices Rise at Fastest Pace Since 2023

In November 2025, Croatia's annual producer price inflation rose to 2%, up from 1.3% in the previous month, marking the highest level seen since August 2023. This increase is largely attributable to significant price growth in the mining and quarrying sector, which surged to 18% from 1.5% in October. This surge was mainly driven by a broad rebound in extraction costs for crude petroleum and natural gas, which rose by 16.1% compared to a decrease of 10% previously. Additionally, there was a rise in producer inflation within the manufacturing sector, which increased to 0.9% from 0.3%. Notably, this was observed in tobacco products, which saw an increase from 3% to 3.9%, as well as in wood and products of wood and cork, excluding furniture, which rose to 4.7% from 3.7%. Machinery and equipment also saw an increase from 0.7% to 1.3%. Conversely, price growth decelerated for the supply of electricity, gas, steam, and air conditioning, dropping to 3.6% from 4.1%, and for water supply, sewerage, waste management, and remediation activities, which slowed slightly to 1.4% from 1.5%. Excluding energy, the price increase moderated to 1.1%, down from 1.5% in October. On a month-on-month basis, producer prices rose by 0.4%, following a period of stability in October.