Czech Producer Price Inflation Rises Slightly
The Czech Republic's industrial producer price inflation increased more than expected in August, though marginally, figures from the Czech Statistical Office (CZSO) showed on Monday.
The industrial producer price index (PPI) climbed 1.8% year-on-year in August, following a 1.4% increase in July.
The annual price growth in the electricity, gas, steam, and air conditioning segments remained strong in August, despite easing from 46% to 45%.
Prices in the utility sector alone grew 11.7% from last year, while those in the manufacturing sector dropped 2.2%.
Excluding energy, industrial producer prices edged down 0.1%, in contrast to a 0.4% rise in July.
On a monthly basis, producer prices moved up 0.2% in August, versus an expected increase of 0.1%.
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