Producer prices in Czech Republic rose 3.8 percent year-on-year in March of 2019, up from a 3.6 percent increase in February and above market expectations of a 3.6 percent rise. It was the highest producer inflation rate since November, as prices advanced further for electricity, gas, steam & air conditioning supply (8.4 percent vs 7.5 percent in February), namely electricity, transmission and distribution services (11.2 percent vs 9.9 percent). Also, cost was higher for manufacturing (3.0 percent vs 2.9 percent) and for mining & quarrying (8.0 percent vs 7.4 percent) while inflation was steady for water supply, sewerage & waste management (at 2.9 percent). On monthly basis, producer prices went up 0.5 percent, following a 0.3 percent rise in February and above market expectations of a 0.2 percent gain. Producer Prices Change in Czech Republic averaged 5.16 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 1.30 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 0.70 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.