AGRICULTURAL QUARTERLY PRICE INDICES, FIRST QUARTER OF 2024

Since 2024, agricultural quarterly price indices have been calculated on the basis of 2020 in accordance with Eurostat recommendations.

In the first quarter of 2024, the average producer prices of agricultural goods output increased by 36.6% compared to 2020. However, they decreased by 4.2% compared to the same quarter of 2023.

The prices of crop products output were 28.1% higher compared to 2020 and 6.3% lower compared to the same quarter of 2023.

This decrease in the prices of crop products was influenced by the decrease in the prices of cereals (of 41.5%) and the prices of industrial plants (of 18.2%), while prices in other groups of products increased.

The prices of livestock, poultry, and animal products output increased by 42.7% compared to 2020, while they decreased by 2.7% compared to the same quarter of 2023.

As regards the groups of products that have the largest share in livestock production, the largest decrease compared to the same quarter of 2023 was recorded in the prices of poultry (of 9.4%), the prices of pigs (of 6.8%) and the prices of milk (of 5.2%), while the prices of cattle increased by 1.7%.

The prices of goods and services currently consumed in agriculture (input I) increased by 37.8% in the first quarter of 2024 compared to 2020, while they decreased by 19.6% compared to the same quarter of 2023, which was influenced by the decrease in the prices of fertilisers and animal feedingstuffs.

NOTES ON METHODOLOGY

Sources and methods of data collection

The agricultural price indices for the Republic of Croatia have been calculated on the basis of the data on prices obtained through the quarterly surveys on the purchase and sale of agricultural products as well as through other surveys carried out by the Croatian Bureau of Statistics, from administrative data of the Ministry of Agriculture and from other administrative sources.

The price indices in agriculture in the Republic of Croatia have been calculated on the 2005 basis within the national Phare 2005 Programme for the first time and the methodology used has been harmonised according to Eurostat recommendations.

Since 2024, the indices have been calculated on the 2020 basis.

The structure of weights is reviewed every five years according to the Eurostat methodology for agricultural price statistics, which means that the calculation of price indices is influenced by the weight structure from the base year. The Laspeyres formula is used to calculate the price indices.

The weight structure was calculated on the basis of the share of individual products in the purchase and sale of agricultural products as well as on the basis of the value of agricultural production and intermediate consumption from the agricultural economic accounts.

Coverage

The agricultural price indices are calculated at the level of the Republic of Croatia.

Definitions

Price index of agricultural goods output includes 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 include 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, Mateja Ivezić and Normela Pušić

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