Czech producer price inflation surges in April

Figures

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The Czech Republic's producer prices rose at a faster rate in April, figures from the Prague-based Czech Statistical Office (CZSO) showed on Monday.

The industrial producer price index (PPI) grew 26.6% year-on-year in April, following a 24.7% rise in March. Prices for manufacturing products increased 22.3% and those for mining and quarrying rose 28.3%. Prices for water supply gained 5.3% and electricity, gas, steam and air conditioning surged 51.4%.

Among the main industrial groupings, prices in the energy sector grew 55.2% and those for intermediate goods increased 28%.

Meantime, agricultural producer prices saw their sharpest year-on-year rise since 1992 in April, growing by 35.3%. On a monthly comparison basis, producer prices increased 2.3% in April. 

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