Producer prices in Czech Republic increased 2.1 percent year-on-year in August 2019, the same pace as in the previous month but above market expectations of a 1.9 percent gain. Prices advanced at the same pace for water supply, sewerage, waste management & remediation services (2.9 percent) while slowed for mining & quarrying (6.8 percent vs 6.9 percent); electricity, gas, steam & air conditioning supply (7.7 percent vs 8.0 percent) and manufacturing (0.8 percent vs 0.9 percent). On a monthly basis, producer prices went up 0.1 percent, reversing a 0.1 percent decrease in the previous month and against market expectations of a 0.1 percent drop. Producer Prices Change in Czech Republic averaged 5.13 percent from 1991 until 2019, reaching an all time high of 77.40 percent in May of 1991 and a record low of -5.40 percent in September of 2009.
Producer Prices Change in Czech Republic is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Czech Republic to stand at 2.10 in 12 months time. In the long-term, the Czech Republic Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.