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Czech producer prices decline slows less than expected

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Staff Writer | September 17, 2016
Czech producer prices decline slowed less-than-expected in August, figures from the Czech Statistical Office showed.
Czech economy
Czech Republic   Producer prices have decreased every month since January 2014
The industrial producer prices index dropped 3.4 percent year-on-year following a 4 percent slump in July. Economists had expected a 3.2 percent decline.

Producer prices have decreased every month since January 2014, except in August 2014, when they were unchanged. On a month-on-month basis, prices declined 0.2 percent in August.

Separately, the agency announced that import prices fell 4.5 percent year-on-year in July after 5.4 percent slump in June.

Compared to the previous month, import prices rose 0.2 percent following a 0.7 percent gain in June.

Export prices declined 3.2 percent after a 3.8 percent tumble in the previous month. Month-on-month, export prices were unchanged from June, when edged up 0.1 percent.

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