Czech Producer Price Inflation Eases in April
The Czech Republic's industrial producer prices increased at the slowest pace in nearly two years in April, figures from the Czech Statistical Office (CZSO) showed on Thursday.
The industrial producer price index (PPI) climbed 6.4% year-on-year in April, much slower than the 10.2% surge in March. It was the weakest rate of increase since June 2021, when prices had grown 6.1%.
The annual price growth in the electricity, gas, steam, and air conditioning segments slowed to 16.5% in April from 21.4% in the prior month.
Among the main industrial groupings, prices for non-durable consumer goods grew the most by 15.5%, followed by those for energy goods by 8.6%.
Excluding energy, industrial producer price inflation eased to 5.7% in April from 9.5% in March. On a monthly basis, producer prices dropped 1.2% in April.
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