FORECAST OF AGRICULTURAL PRICE INDICES, 2023

In 2023, the prices of agricultural goods output are expected to grow compared both to 2015 and to the previous year. The prices of crop output are expected to decrease, while the prices of animal products output are expected to increase.

As compared to the previous year, the prices of crop output are expected to decrease by 10.5%, mostly due to a decrease in the prices in groups of cereals and industrial plants, which have a large share in crop output, while the prices in all other groups are expected to increase.

The prices of livestock and animal products could increase by 21.6%. The prices in all livestock groups are expected to increase compared to 2022.

Concerning the prices of goods and services currently consumed in agriculture, it is expected that they will increase by 38.8% in the current year, as compared to the base 2015, while compared to the previous year, a decrease of 12.1% is expected.

NOTES ON METHODOLOGY

Sources and methods of data collection

The forecast of price indices in agriculture has been calculated for 2023 on the basis of changes in the prices of agricultural goods output in the period from January to September of the current year and the estimation of changes in the prices for the period from October to December.

The prices used for the calculation of the forecast for the first nine months of 2023 were obtained from the quarterly surveys on the purchase and sale of agricultural products as well as from other surveys of the Croatian Bureau of Statistics, administrative data of the Ministry of Agriculture and other administrative sources.

Coverage

The forecast was done at the level of the Republic of Croatia.

The base year for the calculation of the price indices forecast is 2015.

Definitions

Price indices forecast of agricultural goods output comprises crop and animal output (livestock, poultry and animal products).

Input I includes goods and services currently consumed in agriculture.

Goods are all products except services.

Services comprise the maintenance of materials (machines and materials), agricultural buildings and other services.

The survey whose data are published in this First Release has been conducted with the financial assistance of the European Union. The contents of this document are the sole responsibility of the Croatian Bureau of Statistics and can under no circumstances be regarded as reflecting the position of the European Union.

Published by the Croatian Bureau of Statistics, Zagreb, Ilica 3, P. O. B. 80
Phone: (+385 1) 48 06 111
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Persons responsible:
Suzana Šamec, Director of Macroeconomic Statistics Directorate
Lidija Brković, Director General

Prepared by:
Matej Pejković, Ivan Dujman and Mateja Ivezić

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