Czech Producer Price Inflation Eases in October

Figures

Industrial producer prices in the Czech Republic edged up 0.2% year-on-year in October, after a 0.8% increase in September, figures from the Prague-based Czech Statistical Office (CZSO) showed on Thursday.

This was the slowest rate of increase since January 2021, when prices remained flat. The annual price growth for mining and quarrying remained strong in October, though it eased to 40.2% from 42.5%.

Prices in the electricity, gas, steam, and air conditioning segments rose at a faster rate of 7% annually in October.

Excluding energy, industrial producer prices declined 0.8% versus a 0.2% fall a month ago. On a monthly basis, producer prices dropped 0.1% in October, while prices were expected to increase by 0.3%.

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