Czech producer price inflation climbs in May

Figures

The Czech Republic's industrial producer prices grew 27.9% year-on-year in May, following a 26.6% rise in April, figures from the Prague-based Czech Statistical Office (CZSO) showed on Thursday.

Economists had expected a 28% increase.

Prices for manufacturing products increased 24.6% yearly in May and those for mining and quarrying rose 34.0%. Prices for water supply gained 5.3% and those for electricity, gas, steam and air conditioning surged 45.8%.

Among the main industrial groupings, cost in the energy sector grew 53.9% and those for intermediate goods increased 29.7%.

On a monthly comparison basis, producer prices increased 1.9% in May.

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