Czech Producer Prices Fall Slightly Softer

Producer prices in the Czech Republic fell by 2.9% year-on-year in February 2026, easing slightly from a 3.0% decline in the previous month. Producer deflation moderated in the manufacturing sector (-1.7% vs -1.8% in January), supported by rising costs of basic metals and machinery and equipment. Prices also dropped at a softer pace for mining and quarrying (-1.5% vs -1.9%) and electricity, gas, steam, and air-conditioning supply (-7.1% vs -7.4%). Additionally, costs remained stable at 3.9% in water supply, sewerage, waste management, and remediation services. On a monthly basis, producer prices rose 0.1%, rebounding from a 0.7% decline in the previous month.

Producer prices in the Czech Republic declined by 3.0% year-on-year in January 2026, more than market forecasts of a 2.4% fall and December’s 2.1% drop. This was the twelfth consecutive month of falling producer prices and the sharpest since August 2016. Prices for manufacturing decreased further (-1.8% vs -1.1% in December), led by motor vehicles, trailers, and semi-trailers (-2.4% vs -2.0%) and food products (-1.6% vs 0.5%). Prices for electricity, gas, steam, and air-conditioning supply fell sharply (-7.4% vs -5.6%). Costs in the mining and quarrying sector also continued to fall, albeit at a slower pace (-1.9% vs -4.2%). In addition, inflation for water supply, sewerage, waste management and remediation services eased to 3.9% from 4.1%. On a monthly basis, producer prices dropped by 0.7%, the biggest fall in nine months, following a 0.2% decrease in the previous month.

Producer prices in the Czech Republic fell by 2.1% year-on-year in December 2025, worse than market expectations of a 0.9% decline and compared with a 1.3% fall recorded in the previous month. This marked the steepest producer deflation since September 2016, driven mainly by continued price decreases in the manufacturing sector (-1.1% vs -0.8% in November), particularly in chemicals and chemical products (-8.1%) and motor vehicles, trailers and semi-trailers (-2%). Moreover, deflation intensified in mining and quarrying (-4.2% vs -4.1%) and electricity, gas, steam and air-conditioning supply (-5.6% vs -3.2%). Meanwhile, prices for water supply, sewerage, waste management and remediation services were unchanged at 4.1%. On a monthly basis, producer prices fell by 0.2% in December, reversing a 0.3% increase in the previous month.