Czech producer price inflation eases sharply in March
The Czech Republic’s producer price inflation eased in March, according to the latest figures just released by the Prague-based Czech Statistical Office (CZSO).
The producer price index (PPI) rose 0.4% year-on-year in March, after a 1.4% increase in February. Economists had expected a 0.2% rise.
Prices for electricity, gas, steam and air conditioning grew 8.3% annually in March. Prices for water supply and food, beverages and tobacco rose by 5.4% and 4%, respectively. Meanwhile, prices for mining and quarrying decreased 2.6%.
On a monthly basis, producer prices fell 0.5% in March, after a 0.7% fall in the prior month. Economists had expected fell 0.7%, CZSO said on April 21.
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