Czech producer prices fall in May
The Czech Republic’s producer prices declined at the fastest pace since late-2016 in May, figures from the Czech Statistical Office (CZSO) show.
The industrial producer price index (PPI) decreased 0.9% year-on-year in May, following a 0.8% decline in April. Economists had expected a 1.7% fall.
Prices for mining and quarrying declined 3.1% annually in May and manufacturing cost fell 2.6%. Energy prices decreased 6.9%. Meanwhile, prices for electricity, gas, steam and air conditioning grew 8.%. Prices for water supply and food, beverages and tobacco, rose by 6.4% and 2.7%, respectively.
On a monthly basis, producer prices rose 0.4% in May, largely due to lower prices in coke and refined petroleum products, CZSO said on June 16.
ADVERTISEMENT
Karotin Developing Soil Management System in HUF 545 mln R&D...
Parliament Negates Mandatory Membership in MOK
Graphisoft Introduces Archicad Collaborate
Service Restarted on Full Length of Metro Line M3
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.
