Sunday October 23 2016
Czech Republic Producer Prices Change at -2.40 percent
Czech producer prices decreased by 2.4 percent year-on-year in September 2016, slowing from a 3.4 percent fall in the previous month and better than market expectations of 2.7 percent drop. It was the 25th straight month of decline while the smallest since June 2015. Prices fell mostly for coke, refined petroleum products; electricity, gas, steam and air conditioning’ (-4.1 percent); basic metals, fabricated metal products (-2.5 percent ) and food products, beverages, tobacco (-2.0 percent). In contrast, prices rose in water supply, sewerage, waste management and remediation services (+1.6 percent) and furniture, other manufactured products (+0.7 percent). On a monthly basis, producer prices rose 0.3 percent, following a 0.2 percent decrease in August.