Czech producer prices decline slows in July
Photo by Savvapanf Photo/Shutterstock.com
The Czech Republic’s producer prices declined at a softer pace in July, figures from the Czech Statistical Office (CZSO) showed on Monday.
The industrial producer price index decreased 0.1% year-on-year in July, following a 0.3% decline in June.
Prices for mining and quarrying declined 3.5% annually in July and manufacturing cost fell 1.6%.
Prices for energy and intermediate goods fell by 1.7% and 2.2%, respectively. Meanwhile, prices for electricity, gas, steam and air conditioning grew 7.7%.
Prices for water supply and food, beverages and tobacco, rose by 6.4% and 1.2%, respectively.
On a monthly basis, producer prices rose 0.1% in July, largely due to a rise in prices for coke, refined petroleum products.
ADVERTISEMENT
Industrial Production Declines in April
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
