Monday September 18 2017
Czech Republic Producer Prices Change at 1.40 percent
Producer prices in Czech Republic rose 1.4 percent year-on-year in August of 2017, beating market expectations of 1.2 percent and following a 1.1 percent rise in the prior month. It was the highest producer inflation since May, as prices for manufactured products increased at a faster pace (2.0 percent from 1.4 percent in July), mainly those of food products, beverages and tobacco (4.2 percent from 4 percent). Meanwhile, prices of mining and quarrying went up at a softer pace (1.7 percent from 2.9 percent in July), and cost for electricity, gas, steam and air conditioning continued to drop (-1.3 percent from -1.1 percent). On a monthly basis, producer prices edged up 0.2 percent.