Czech producer prices fall further in August
Photo by g0d4ather / Shutterstock.com
The Czech Republic’s producer prices declined for the fifth straight month in August, according to the latest figures from the Czech Statistical Office (CZSO).
Photo by g0d4ather / Shutterstock.com
The industrial producer price index (PPI) decreased 0.5% year-on-year in August, following a 0.1% decline in July. Prices for mining and quarrying declined 3.5% annually in August and manufacturing cost fell 2.%. Prices for energy and intermediate goods fell by 1.8% and 2.6%, respectively.
Meanwhile, prices for electricity, gas, steam and air conditioning grew 7.9%. Prices for water supply and food, beverages and tobacco, rose by 6.4% and 1.5%, respectively.
On a monthly basis, producer prices fell 0.3% in August, largely due to a rise in prices for coke, refined petroleum products, CZSO said on September 16.
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